Estate Planning involves the arrangement and management of assets, in the event of a person’s death or incapacitation. Here at Barfield Estate Planning our aim is to help as many people as possible plan ahead and ensure their assets are protected in the best way possible.
A Will is essentially a legal document that allows you to state what should happen to your assets and young children after you have passed away. Assets can include your money, property, investments, and possessions. There are different types of Wills available in order to suit different needs. For example, some people will set a Will up for just themselves, and others may set one up as a couple.
There are various Trust Wills available as well, often used when you want to provide for your partner but also include children from a previous relationship. A Trust Will can also help to protect your estate against possible care home fees. Alternatively, it can be used to protect inheritance if a beneficiary is unable to manage their finances.
Lasting Power of Attorney
We can help you set up a Lasting Power of Attorney, so in the event of immobility or illness, your financial and personal affairs are managed by someone acting on your behalf.
Power of Attorney is not only for the elderly; a young person could also potentially find themselves incapacitated due to illness or injury. It is invaluable to have a trusted member looking after your affairs to allow you to focus on recovery and avoid any unnecessary stress.
Setting up a Power of Attorney early on leaves you reassured that should anything happen; your affairs and welfare will be well looked after on your behalf.
Whether you’re looking to start writing your own will or would like to know more about Trust planning or Power of Attorney, contact one of our advisors today.
Will writing is not part of the Quilter Financial Planning offering and is offered in our own right.
The Financial Conduct Authority do not regulate will writing, trusts and estate planning.