Estate planning

Creating more certainty for you – and the people you care about.

What is estate planning?

Some topics aren’t easy to think about. Like how your loved ones would cope without you, or what might happen if one day you struggle to make decisions.

Estate planning helps everyone prepare for those moments. It’s about putting simple, practical arrangements in place – so you feel more in control.

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Top tip

With a plan comes real peace of mind. Because while no one knows what’s around the corner, you can make sure you and your loved ones are better prepared.

How does estate planning work?

You’ve spent your life building up your wealth in different ways – estate planning is about looking after it.

It helps you protect what you own from sudden events or changing circumstances. And puts plans in place for the right people to inherit as much of your estate as possible.

Without an estate plan? Your loved ones could face confusion and uncertainty. There’s even the risk some of your wealth goes to the taxman, instead of your family.

Trust

In future, you may become less able to make decisions. A Power of Attorney means a trusted loved one can step in to help you.

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Clarity

If you don’t set out who inherits your things, the rules of intestacy can decide it instead. A Will makes your wishes clear.

Clarity

Confidence

Your loved ones might have to pay 40% inheritance tax on everything above your personal threshold. Planning ahead means your family and loved ones could inherit more.

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Do I need estate planning?

‘Estate’ sounds grand, doesn’t it? Like something only rich people have. But the truth is – everyone has an estate. And so, everyone needs to think about estate planning.

Just think about the things you own.

  • Your home.
  • Your possessions – like your car and home furnishings.
  • Valuable items like jewellery and antiques.
  • Things with sentimental meaning – family pieces, treasured items.
  • Your savings and investments.

Together, these make up your estate. One day, they’ll be passed on. But without a clear plan, parts of your estate may not go to the people you want them to.

Looking for free advice on your money?

If you’re thinking about your other financial plans, book a My Money Review. It’s a friendly chat where you can discuss your savings, ask questions – and get personal recommendations.

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