Estate Planning is one of the most important things you can do as you approach later life.
For many approaching later life, one major concern is the impact of paying inheritance tax (at 40%), may have on their relatives is a very real and important issue.
Estate planning provides a viable and sound way to prepare your finances to ensure that your assets are protected for your loved ones once you’re gone. Estate planning also helps you to avoid or reduce the amount of inheritance tax you’ll pay.
There are other benefits to estate planning and consideration of later life finance – such as arranging a watertight will, understanding and outlining your wishes, making funeral plans and obtaining a clear and comprehensive view of your assets.