Estate Planning the right way
Protect Your Family's Future with Award-Winning Estate Planning
Estate Planning is one of the most important steps you can take to protect your assets and loved ones. Our expert team can guide you through the process and ensure that your wishes are carried out with precision and care, and your family avoids any unnecessary taxes and legal fees.
What is Estate Planning?
Estate Planning is the preparation of tasks to manage a person’s assets before they die or become incapacitated. Assets that make up a person’s estate can include, but are not limited to, houses, cars, shares, life insurance, pensions and savings.
People choose to plan their estate for a variety of reasons, such as providing for their children or a spouse, funding Grandchildren’s education, preserving family wealth or leaving a sum of money to charity.
Planning the estate involves determining how an individual’s assets will be managed and distributed after death or if they become incapacitated. The first and most important step in planning your estate is to make a Will.
A Will is a legal document outlining instructions on how an individual’s property and minor children (if they have any) should be handled and distributed after death.
At 1st Line Future Planning, our Legal Services Department offers top-of-the-range services for a variety of financial and welfare circumstances that ensure your estate is protected when you pass.
Isn't Estate Planning just forthe wealthy?
Estate Planning isn’t solely for the wealthy. It’s a crucial step for everyone, regardless of financial status. An Estate Plan goes beyond assets – it safeguards your family’s well-being and honors your wishes.
Even with modest resources, Estate Planning offers protection during life and beyond. Unlike a Will, it addresses your needs while you’re alive, encompassing healthcare decisions and more.
An Estate Plan prevents confusion, minimizes legal complexities, and avoids potential family disputes. It ensures your loved ones are taken care of, streamlining asset distribution, guardianship, and more.
What happens if I don't have a well-prepared Estate Plan?
Without a well-prepared Estate Plan, your intentions may go unfulfilled. In the absence of a Will, UK law determines asset distribution, potentially conflicting with your wishes. This can lead to disputes and financial hardships for beneficiaries.
Inadequate Estate Planning can result in higher Inheritance Tax, impacting your estate’s value. For parents of minor children, the lack of designated guardianship may raise uncertainties about their future care.
Business owners risk business disruptions without a solid Estate Plan. The absence of healthcare directives can also complicate medical decisions for your family.
Crafting an Estate Plan grants you control over your legacy. It ensures assets are distributed according to your preferences, limits taxes, appoints child guardians, and maintains business continuity.
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Our Estate Planning Packages
We offer a selection of Estate Planning packages as listed below, suitable for a range of situations you may require.
The Practical Package
To ensure that your Will is created to suit your individual needs, our highly trained and qualified Will writers will guide you through the entire process required to write your Will.
Everyone should have an LPA (Lasting Power Of Attorney). This is an essential document you should have in place to ensure that someone you know and trust can make vital decisions on your behalf should you be unable to.
There are two different types of LPA – Health and Welfare & Property and Financial. We will get everything in place for you, giving you complete peace of mind.
The Practical Package includes:
The Protect Package
Protecting your family home for your descendants is the top priority for most people. Your home is your life’s work – protect it and its value.
- Specify who is to inherit your share of your family home.
- If the surviving partner needs care, your share cannot be taken to fund the care costs.
- If the surviving partner remarries, your share will not be passed to another family.
- The surviving partner can live in the family home for as long as they wish.
The Protect Package includes:
The Essential Package
Ensuring that you protect yourself and your estate is essential. The essential package covers yourself AND your spouse, meaning you’re both prepared for anything life throws at you!
- Your LPAs will allow an attorney to make decisions for you when you are incapable of doing so, ensuring any problems that arise can be handled without issue.
- Your wills will allow you to secure your estate and ensure that your assets and possessions are distributed to the correct recipients.
The Essential Package includes:
2 x Health & Welfare LPA’s
(one for each partner)
2 x Property & Financial LPA’s
(one for each partner)
The Comprehensive Package
Our most popular package, as it protects the family home as well as you and your spouse and ensure your wishes are followed by creating a Protective Property Trust. Our qualified Will Writers will guide you through the process to create a tailored Will.
In addition, we can help you set up both types of LPA, Health and Welfare and Property and Financial, providing you with peace of mind for the future.
The Comprehensive Package includes:
2 x Health & Welfare LPA’s
(one for each partner)
2 x Property & Financial LPA’s
(one for each partner)
The Complete Package
This is the ultimate package to help safeguard your children’s future inheritance. The Complete Package comes with a Will, Lasting Power of Attorneys, and an Asset Protection Trust.
This package will give you peace of mind that your chosen beneficiaries will inherit from your estate as you intend. The benefits can include reducing the care fees to your local authority, preventing the house from moving sideways through marriage and having tax advantages.
The Complete Package includes:
2 x Health & Welfare LPA’s
(one for each partner)
2 x Property & Financial LPA’s
(one for each partner)
Why should you choose1st Line Future Planning to manage your Estate Planning?
Here at 1st Line Future Planning, we believe that every customer deserves to have peace of mind when it comes to arranging their financial affairs.
Affordability and trust are at the core of our values and at 1st Line as we aim to deliver a transparent service which provides our customers with the best advice coupled with the best products.
We pride ourselves on our affordable Estate Planning options. Whether it is a simple Will, a Lasting Power of Attorney or a Property Protection Trust, our team of experts will help you every step of the way.
All of our Estate Planning Experts are certified by the Society of Will Writers so you can have peace of mind to ensure that your needs are being met by some of the best in the industry.
Estate Planning FAQ
Yes, everyone, regardless of the size of their assets, can benefit from an Estate Plan. It ensures your wishes are followed, and it includes important documents like a Will and Power of Attorney.
When creating your Estate Plan, consider your beneficiaries, guardians for minors, charitable donations, and tax implications. A well-rounded plan covers all aspects of your legacy.
No, Estate Planning is for everyone, regardless of age. Accidents and unforeseen circumstances can happen at any time, so it’s crucial to plan ahead to protect your loved ones.
Yes, you can and should review your Estate Plan periodically and make changes as needed due to life events such as marriage, divorce, or the birth of children. Keep it up-to-date.
While a Will is a vital part of an Estate Plan, the latter includes other documents like Power of Attorney, Living Will, and Trusts. An Estate Plan covers a comprehensive range of arrangements.
Find Estate Planning Packages & advice that's right for you...
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