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  • Basic Wills from £125.00
    Basic Wills from £125.00
    Without a valid Last Will and Testament any assets you leave on death will be distributed according to the Rules of Intestacy. These rules lay down a rigid method of estate distribution and make no account of your wishes. Click the image to read more...
  • We realise that most people haven’t experienced probate before. Probate is the administration of a deceased’s Estate by the appointed “executors” in the Will, usually family members. At an already difficult and emotional time, the complexities of executing a Will and establishing any appropriate Trusts can be an arduous task. Click the image to the left to read more...
  • Inheritance Tax is simply a tax on money or possessions you leave behind when you pass on.It can also apply to some “gifts” you make during your lifetime. It is therefore vital that you receive professional Inheritance Tax Advice on your position to minimise the impact and tax paid should the worst happen, ensuring that your loved ones receive as much of your money as possible. Click the image to the left to read more...
  • Without a valid Last Will and Testament any assets you leave on death will be distributed according to the Rules of Intestacy. These rules lay down a rigid method of estate distribution and make no account of your wishes, unless you write a will. Click the image to the left to read more...
  • Lasting Powers of Attorney from £150
    Lasting Powers of Attorney from £150
    Often serious illness or accidents strike without warning. Last year, for example, approximately 130000 people suffered strokes. Without a Lasting Power of Attorney being available this is when it becomes difficult... Click the image to the left to read more...

A Cheap Insurance

By on August 28, 2017 in Advice Articles, Latest News

The majority of people take out some form of insurance in their lifetime.

It can be motor insurance, fire and theft cover, buildings cover, critical illness etc. etc.  All of these protect against future potential accidents or happenings  and of course death  where life assurance is taken out. Annual premiums are paid on these policies to cover such eventualities.

They are all fine but have you considered what happens if you are no longer capable as a result of the event to deal with the receipt of the policy proceeds? A motor accident, a stroke or the onset of dementia could each result in you becoming incapable of managing your own affairs even though you are still alive. Who then would sort out your car, your business and financial affairs,your home and health matters?

This is when a Lasting Power of Attorney clicks in and a person you have appointed Attorney can deal with all the matters on your behalf. For a small one off premium you can insure yourself for anytime in the future where this happens.

The other point worth considering is whether your family and loved ones will benefit from the proceeds of your insurances as usually these will form part of your estate on death. If you have not already stated who will benefit from your estate on death then they could inadvertently find their way to other beneficiaries as a result of intestacy. A Will therefore is a final  insurance policy to cover the situation.Again with a one only premium.

So you see that a Lasting Power of Attorney and a Will are really cheap forms of insurance designed to protect for the future.

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