Posts by Andrew Upton
Over-65s Hold £2.9 Trillion in Property Wealth: How to Protect Your Legacy
Unlocking Property Wealth for Over-65s 🏡✨ Did you know that over-65s in the UK hold a staggering £2.9 trillion in property wealth outright? 🏠 This incredible figure reflects a lifetime of hard work and dedication. However, without proper planning, this wealth could face risks like inheritance tax, family disputes, or inefficient distribution. At Beacon Advice,…
Read MoreProtecting Your Legacy: Why Secure Document Storage is Essential
Protecting Your Legacy: Why Secure Document Storage is Essential The Risks of Storing Documents at Home Storing important documents at home can be risky. Original wills and LPAs are crucial for estate administration. Without them, managing a deceased person’s estate becomes challenging. Moreover, banks and organisations require original LPAs for personal meetings. Unfortunately, home storage…
Read MoreUnderstanding the Post-Death Process: A Step-by-Step Guide to Probate and Planning Ahead
What Happens After Someone Passes Away? A Guide to the Post-Death Process Losing a loved one is one of life’s most challenging experiences. On top of the emotional toll, there’s often a long list of practical tasks to manage. Understanding the post-death process can make things a little easier during this difficult time. 🌟 At…
Read MoreDivorced or Separated? Why Updating Your Will and Beneficiaries Is Crucial in England and Wales
Life is full of changes – some planned, some unexpected. If you’ve recently gone through a divorce or separation, you’ve probably had a lot on your plate. But amidst all the paperwork and adjustments, have you remembered to update your beneficiaries? 🤔 Shockingly, 1 in 10 divorced individuals forget to remove their ex-spouse as a…
Read More🐾 Don’t Forget Your Furry Family Members! 🐾
🐾 Don’t Forget Your Furry Family Members! 🐾 As a nation of animal lovers, it’s crucial to consider our beloved pets when planning our estates. While pets aren’t legally considered sentient beings, they are regarded as property. Therefore, it’s essential to include them in your will to ensure they receive the love and care they…
Read MoreEnsuring Your Children’s Future: The Importance of Choosing the Right Guardians
Introduction Imagine the unthinkable: your children losing their parents and facing the uncertainty of who will care for them. While foster carers are dedicated and kind, the transition can be traumatic for children already dealing with loss. Without a legally nominated guardian, children might temporarily enter foster care, as social services need to thoroughly vet…
Read MoreUnderstanding the Value of Your Estate: A Guide to Effective Planning
Introduction Understanding the value of your estate is crucial for effective planning. By knowing what your estate is worth, you can make informed decisions about your financial future. This guide will teach you how to assess your assets and liabilities, giving you a clear picture of your estate’s worth. What is an Estate? An estate…
Read MoreThe Importance of Professional Storage for Your Estate Planning Documents: A Quick Guide
Introduction: Estate planning is a crucial step in ensuring that your wishes are respected and your loved ones are cared for after you’re gone. Key documents like Wills and Lasting Powers of Attorney (LPAs) form the backbone of this planning. While many people choose to store these documents at home, this approach carries significant risks.…
Read MoreWhat is Estate Planning and Why Does It Matter? 🎄
Estate planning is a crucial process that involves organising and arranging your financial affairs. The aim is to ensure that your assets are distributed according to your wishes after you pass away. It encompasses a range of legal documents and strategies, including wills, trusts, and powers of attorney, designed to protect your legacy and provide…
Read More🌟 Choosing the Right Attorneys for Your Lasting Power of Attorney
At Beacon Advice, we understand that planning for the future is one of the most empowering steps you can take. A crucial part of this process is appointing the right attorneys in your Lasting Power of Attorney (LPA). This decision goes beyond just choosing someone you trust; it’s about ensuring your wishes are respected and…
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