Currently, only a third of us have a will in place when we die.
Even members of the Walker family, who given our profession, should know better, have died without having a will in place. On their death, we as a family experienced additional complexity and made a lot of assumptions about their ultimate intentions. Once you have a will in place, it is important that it is reviewed to take into account of changes to your personal situation.
A will is often a good starting point but other planning can take place that offers protection and security highly specific to your circumstances.
Things to consider when later life planning:
- Making a Will
- Asset and Family Protection Trust
- Lasting Power of Attorney
- Property Protection Trust
- Probate planning
- Care and support plans
- Organ donation