Estate Planning Consultant Provides Complete Information About Wills and Trusts

Posted by Tony Rochester on February 4th, 2018

Planning for what happens to your worldly goods after your death can save your loved ones from a host of complications. An estate planning consultant in the UK can provide you with legal, accounting, and financial advice and services so that your properties, money, and other assets can be managed and disposed properly should you pass away or become incapacitated.

Anyone can technically benefit from estate planning services, but they are particularly useful for individuals who have a variety of assets and fall in the higher net worth category. The more complex your holdings are, the more you need an estate planning consultant. It's important to choose a person with the right qualifications.

Talk to Your Consultant About Wills and Trusts
Wills are one of the foundations of estate planning. It allows you to control what your surviving spouse, your children, your grandchildren, and other important people in your life receive from your estate when you pass away. A solid Will can make the lives of your loved ones easier and prevent legal battles down the line. It can also be used as a tool for financial planning, maximizing inheritance, and minimising care fees, taxes, and sideways disinheritance.

Trusts can also be used in your estate plan, if suitable. A trust can protect the wealth you have worked so hard for and ensure that it is kept in the family. Because of the manner by which assets are held in a trust, they no longer go through probate—which means substantial savings in costs and fees. A trust can also prevent delays in the probate process so that your beneficiaries get immediate access to your trust funds.

Choosing an Estate Planning Consultant
A good estate planning consultant can help you come up with a strategy that is tailored to your specific needs and requirements and goals—not just generic, off-the-shelf packages. With a good consultant, you can ensure that your assets are distributed according to your wishes. You can also protect your family’s inheritance while minimising their burdens.

About The Author
The article is written by Tony Rochester, the estate planning advisor of MVL Wills and Trusts. A professional estate planning company based in Battle, East Sussex. We are an official partner of Countrywide Tax & Trust Corporation Ltd; an estate planning specialist with many years experience in preparing Wills and Trusts. We serve East Sussex and Kent, including Hastings, Bexhill, Rye, Eastbourne, Tunbridge Wells and the surrounding areas.