Having a valid will in place ensures that your estate is distributed according to your wishes, provides clarity for your loved ones, and helps to minimise potential disputes.
A Will also allows you to appoint guardians for minor children and streamline the probate process.
Putting an LPA in place allows you to appoint someone you trust to make decisions on your behalf should you lose capacity in the future.
An LPA provides reassurance that your financial affairs and health decisions will be managed according to your wishes and in line with your values.
A trust offers greater control over how and when your assets are distributed, both during your lifetime and after death.
A Trust is an effective tool for asset protection, mitigating inheritance tax liabilities and providing for vulnerable or young beneficiaries in a structured way.
A Living Will lets you set out your wishes for medical treatment in case you’re ever unable to make decisions yourself. It ensures your care reflects your values and offers clarity and peace of mind for your loved ones during difficult times.
A Business Protection Trust benefits business partners or shareholders in the case of death or critical illness.
It allows a smooth business transition and prevents complications for the remaining partners or shareholders.
An Islamic Will outlines a Muslim's wishes for the distribution of their assets after death, in accordance with both Islamic inheritance law and local legal regulations.
A Will ensures your estate is distributed according to your wishes. Without one, the law decides who inherits, which may not reflect your intentions.
Yes, you can write your own Will. However, it is not recommended as homemade Wills often lead to errors and/or disputes. A professionally drafted Will ensures legal validity and reduces the risk of complications. At R Hampden Estate Planning Solutions, we can also give you personalised advice towards your planning and a free review of your estate for IHT purposes.
An LPA is a legal document allowing someone you trust to make decisions on your behalf if you lose mental capacity. This can apply to your Health and Welfare, and, or your Property and Finances.
Yes. Your spouse does not have automatic authority to manage your finances or make health decisions without an LPA in place. This can cause issues such as your joint bank accounts potentially becoming frozen. Without an LPA in place, someone would have to apply to the Court of Protection to handle your financial matters, which may not align with your personal values and choices.