Estate Planning
Estate planning ensures the right amount of money goes to the right people at the right time when you pass away. Many people do not think that estate planning applies to them. The reality is most of us have an estate, if you own a house, a car, have savings or even furniture … this is an estate.
Here at NB Finance, we can help you with all aspects of estate planning, from making your will, to creating trusts, to funeral planning and mitigating Inheritance Tax. Our role is to ensure that you protect your estate and its assets in the most effective and efficient ways.
.jpeg)
Trusts
Probate
Probate is the name given to the process of administering someone’s estate when they die. Being granted probate means the estate can be divided between the beneficiaries, in line with the deceased wishes. One of the key elements to ensuring a smooth probate process is to make sure your personal affairs are in order before your death.
LPA
Lasting Powers of Attorney, If you lose mental capacity without an LPA in place, it will be necessary for your family to apply to the Court of Protection to have a deputy appointed to deal with everyday financial matters.
Making a will
It is important for everyone to have an up-to-date Will in place.
Preparing a Will is important and is the only way you can state who will receive your money and possessions upon your death.
Everyone should have a Will, no matter how much money you have or how many belongings you own. Writing a Will ensures your wishes are carried out.
Already have a Will? If you already have a Will in place, you should review it every few years. You may want to amend it or even write a new one if your circumstances have changed, for example if you were to marry, remarry, divorce, or enter a civil partnership as your existing Will may now be invalid or outdated.