Estate Planning

People of all ages die or lose mental capacity every day. Whatever your age, if you have assets such as a house, savings, or a business, and you also have children or other people who need looking after, good estate planning is recommended, and consideration should be given to writing a will, organising Lasting Powers of Attorney and even funeral planning to save your family the worry and expense at what will be a difficult time.

What is it?

Your will tells everyone what should happen to your money, possessions and property after you die (all these things together are called your ‘estate’). If you don’t leave a will, the law uses what are known as the rules of intestacy to decide how your estate is passed on – and this may not be in line with your wishes.If you have no living family members, all your property and possessions will go to the Crown. Your will can also appoint people you trust to look after your children.

Why choose it?

  • Appoint people you trust to look after your children under 18 years (Guardians)
  • Appoint people you trust to carry out the terms of your will (Executors)
  • Name the people or charities you want to benefit from your estate (called Beneficiaries)
  • Leave gifts of specific items or fixed sums of money (Legacies)
  • Create Trusts to help preserve wealth for future generations, protect against residential care costs
  • State your funeral wishes.

What is it?

A Power of Attorney is a written document that allows someone else to make decisions or take action on your behalf. This person is called your attorney and you can decide the most appropriate person(s) to hold this authority. You also decide exactly what they’re authorised to do and under what circumstances. There are two types of Lasting Power of Attorney, “Property & Affairs” and “Health & Welfare”

Why choose it?

  • Making a lasting power of attorney allows you to plan how your health, welfare and financial affairs will be dealt with, and by who, when you can no longer make the decisions for yourself.
  • If you lose mental capacity, then a relative or appropriate person will have to apply to the Court of Protection to become your deputy. The process of becoming a deputy can be time consuming and also costly. In addition to this you have no choice in who is appointed as your deputy

What is it?

Funeral Plans offer a variety of easy ways to pay for and plan your funeral in advance and protect yourself against the rising costs of funerals, not only for yourself but your loved ones. You choose the funeral you want and pay for the funeral director’s services at today’s prices, saving your family worry and expense in the future at what will be a difficult time.

Why choose it?

Making a funeral plan allows you to plan ahead and protect yourself from the rising costs of funerals (the cost of funeral has risen by over 90% in the last 10 years). A pre-paid funeral also ensures that you have peace of mind that your funeral wishes will be clear, resulting in less stress at a difficult time for your loved ones. An additional benefit of funeral plans is that there are several payment options available along with different packages to suit your financial situation and personal preferences.

The Living Will, also know as the Advance Directive, is a document that is beneficial in the event that you become terminally ill and feel that you do not want your life artificially prolonged, giving you ”legal say” to have medication stopped or a life support machine switched off. This provides peace of mind for your family, as they would not have to make such a decision at a very emotional time. If you make an advance decision to refuse treatment and then later make a health and welfare Lasting Power of Attorney which gives someone authority to give or refuse consent to the same kinds of treatment, your advance decision will become invalid.

Disadvantages of Advanced Directive – Can be challenged by the loved ones and doctors in case of “terminal illness” and could be overturned.

Funeral Plans

How funeral plans can give you peace of mind and save you thousands of pounds.

Children’s Trusts

Information on how to protect your child’s inheritance

Nil-Rate Band Trusts

Information on Nil-Rate Band Trusts and how they can protect your wealth.

Protected Property Trusts

Information on Protected Property Trusts and how they can protect your wealth.

Lasting Power of Attorneys

Information on how Lasting Power of Attorneys work

Wills, decisions you need to make

What you need to consider before writing a Will

Prices From
Standard Will
Standard Mirror Wills
Children's Trust - Single (includes standard Will)
Children's Trust - Couple (includes standard Mirror Wills)
Protected Property Trust (includes standard Mirror Wills)
Half Property Trust (includes standard Will)
Nil Rate Band Trust (includes standard Mirror Wills)
Health & Welfare Lasting Power of Attorney, per application (additional £82 fee payable to OPG)
Property & Financial Affairs Lasting Power of Attorney, per application (additional £82 fee payable to OPG)
Living Will
Annual Storage Plan
Annual Executor Guidance Service (only available when Will storage taken)
EveryStep Financial

EveryStep Financial