Tozers LLP

A Third of Wills Include Trusts – Should Yours?

While trusts are often thought of as something only used for complex tax planning, they're a common feature of many everyday Wills because they offer practical protection for the people who matter most.

A trust allows the people you appoint as trustees to look after certain assets on behalf of your beneficiaries, following the wishes you've set out in your Will. This can provide valuable flexibility and peace of mind for the future.

Read more in the full insight from Solicitor, Sophie Palk, below: 👇
https://bit.ly/4oWWWEU

What Happens to a Lasting Power of Attorney When Someone Dies?

A Lasting Power of Attorney (LPA) automatically comes to an end when the person who made it dies.

From that point, the attorney no longer has the legal authority to make decisions, manage bank accounts or deal with the person's financial or personal affairs.

Responsibility for administering the estate then passes to the Executors named in the Will, or, if there is no Will, to the estate's administrators.

Understanding when an LPA ends can help avoid confusion at an already difficult time. If you're unsure about what happens next, we're here to provide clear, practical guidance.

Read the full article from Solicitor, Sophie Palk, below: 👇
https://bit.ly/4oX3bbJ