Wills & Trusts

A Flexible Life Interest Trust (FLIT) is a powerful way to protect your assets – like savings, investments, and additional property – for your loved ones. At Beacon Advice, we usually use a Flexible Life Interest Trust alongside a Property Protection Trust, which separately protects each person’s share of the main home. The FLIT takes…

For many of us, our home isn’t just our biggest asset—it’s the heart of our family and a reward for decades of hard work. That’s why considering a property protection trust is so important for anyone who wants to safeguard their legacy. We grew up being told to buy property, live within our means, and…

Dementia Is Rising—So Are Will Disputes Dementia is one of the UK’s fastest-growing health challenges. The NHS recently reported a record number of dementia diagnoses in England. As our population ages, more families face not only the heartbreak of dementia but also unexpected legal battles over Wills. Why does this matter? Dementia affects a person’s…

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…

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…

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…

🐾 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…

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…