Posts tagged “Estate Planning”

While most people in the UK believe their affairs are simple, their requirements are often quite complicated when it comes to their Will. 
 
According to recently published research online Will writing services often fail to consider things that can significantly affect the details of your Will such as marital status, children, assets, business and property ownership, overseas property investments and disinheritance. 
creating your Will on your laptop is easy but it might not be valid.
In 2014 the Care Act introduced a ‘care cap’ of £72,000 on the total you would be liable to pay for your care costs. It came in to effect in April 2020
 
However, most people will have to spend much more before the cap is reached; often over £140,000. 
A valid Will makes it much easier for your executors to administer your estate when you die. Your friends and family will receive their inheritance as you intended, and people will be reassured that they understand your wishes. 
 
There are almost six million businesses in the UK, most of them ranging from sole traders to businesses with around 10 employees, but many people don’t put the same measures in place for their business
Man working on a lathe in a workshop
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