No matter how much inheritance you are leaving behind, how much wealth you have accumulated over your life, or how many beneficiaries you intend to share your assets between, estate planning can help protect your wealth, prevent too much of it being lost to taxes and fees, and ensure that your estate is carefully planned before you die.
An experienced solicitor will not only ensure that you have a will in place, which is the first basic step of planning your estate, but they will also take the steps necessary to help ensure that your wishes are carried out to the letter. Estate planning protects your family’s interests, and enables you to look after them even when you are not around to do so personally. While few people want to think about dying, it is important to plan ahead and to plan early, because if you do not leave a will when you pass then it will make the process much more difficult for the family that survives you.
If you have young children, grandchildren, or other young beneficiaries, then you may want to establish a trust in their name. This typically means that they will not be given immediate access to all the money that you are leaving them, but that the money will be placed into a trust. Some of the trust can be released on an annual basis, when they reach certain anniversaries, or on specific events such as getting married or having children.
If you do have young children, then a part of your estate may also be given over to guardians that will act in the best interests of your children so that they can use this money to care for your son or daughter. Again, this can be specified during the estate planning process.
Estate planning is an important part of planning for your family’s future. Dying without leaving a will typically means that the probate and estate division process is longer, more drawn out, and more complex, while careful planning of your estate can mean that a greater portion of your wealth is left to the estate and that your family are cared for even when you have gone.
What To Do Now?
No matter what your legal problem or at what stage it is, there is never a better time to call Haworth & Lees Solicitors than right now.
Our team of dedicated and highly professional Solicitors are always available for you. You will not have to deal with a paralegal or a legal case worker as your point of contact will be with a qualified and experienced Solicitor who will know the details and progress of your case.
Haworth & Lees Solicitors are a well established and highly respected firm of Solicitors in Tameside and Cheshire and offer that personal and local service that is always appreciated by our clients.
Getting in contact with Haworth & Lees could not be simpler. You can call on 0161 660 2923 or click here to send a confidential email.
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