"I want to leave my children enough that they feel they can do anything, but not so much that they do nothing." - Warren Buffet
A Will lets you decide what happens to your money, property and possessions after your death. You can also make sure you don’t pay more Inheritance Tax than you need to.
Lasting Power of Attorney allows you to plan ahead. You can choose now which relative or friend should make decisions for you in the future if you are unable to make decisions yourself.
Inheritance tax can cost loved ones hundreds of thousands in the event of your death, yet it's possible to legally avoid huge swathes of it, or possibly pay none at all.
A living will is a statement explaining what medical treatment the individual would not want in the future, should that individual 'lack capacity' as defined by the Mental Capacity Act 2005.
An Asset Protection Trust is a trust which is set up to protect your assets and is basically a ‘wrapper’ which can shelter your assets from inheritance tax liability and the local authorities.
Probate is the common term commonly used when talking about applying for the right to deal with a deceased person's affairs, whether they left a will or not.
"By making a will you will have the satisfaction of knowing that your assets will be passed on to those whom you wish to benefit, such as members of your family, freinds or charities." Tim Heard
"Whatever your age, if you've assets eg, a house, savings, or a business, and people or others you'd like to look after, consider making a will." Martin Lewis, Money Saving Expert