Planning everything in advance should help you to ensure that when you die everything you own goes where you want it to. This could help you provide a sound financial future for your family.
Before you make an appointment with LCS to have your Will instructions taken, it's a good idea to think about what you want included in your will.
You should consider:
- The value of your estate - How much money you have and what property and possessions you own.
- Who you want to benefit from your will and whether you need to make provision for children from a previous relationship.
- Whether you need to exclude anyone from benefitting from your estate.
- Who should look after any children under 18 years of age – that will be your children’s Guardian Who is going to sort out your estate and carry out your wishes after your death - that is your Executor.
- Who will manage any Trusts for children under 18 – that is your Trustee.
- Is your home registered and if so are you a sole owner or joint tenants or tenants in common.
- If married - do you need a Property Trust to protect at least half your home?
- Do you need a Trust to ensure that someone can continue to live in your home when you die?
- Do you need Inheritance Tax advice?