Warrington Estate Planning Solutions
Estate Planning Solutions are planning opportunities available to UK individuals to protect their assets for the next generation (bloodline).
Personal estate planning
60% of the UK population still don’t have a basic will, in place. For the 40% that do, this still offers very little protection of those assets they have saved for all of their lives. The following table explains the differences between a: will; trusts within a will; and a lifetime trust (example: safety deposit box). The only way to protect with some certainty against life’s issues is to place assets into trust that you maintain whilst you are alive. There are some limitations on this as well as possible tax consequences, so taking expert advice is key. Our qualified estate planners would be happy to guide you through what is available.
| Estate Planning Options and benefits | Basic wills only | Wills trusts and LPA’s | Lifetime trust, wills and LPA’s |
| Avoid the cost / delay of intestacy | Yes | Yes | Yes |
| Appoint executors of your choice | Yes | Yes | Yes |
| Appoint guardians of your choice | Yes | Yes | Yes |
| Ensure your wishes are respected | No | Yes | Yes |
| Avoid sideways disinheritance | No | Yes | Yes |
| Delays children’s inheritance | Yes | Yes | No |
| Avoid the cost of probate | No | No | Yes |
| Avoid Probate delays min 6 months | No | No | Yes |
| Avoid inheritance tax in children’s estates | No | No | Yes |
| Avoid family wealth being diluted if a child divorces | No | No | Yes |
| Avoid wealth dilution in the event of a beneficiary’s financial hardship | No | No | Yes |
| Protect family wealth for up to 125 years | No | No | Yes |
| Allow you to nominate trusted persons | No | Yes | Yes |
| Avoid costs & delay of a deputyship order | No | Yes | Yes |
| Avoid loss of control of a deputyship order | No | Yes | Yes |
| May mitigate social care fees after first death* | No | Partial | Yes |
So book a FREE consultation today, at a time and place that suits you and our advisers will show you which is the best option to meet your needs, both now and in the future.
