Wills & Trusts
Are You and Your Partner Protected? Understanding Inheritance Risks for Cohabiting Couples 🏡
The Reality of Intestacy Rules Did you know that a staggering 68% of cohabiting couples are unaware of the inheritance risks they face without a will? 🤔 This alarming statistic reveals a widespread lack of understanding about how intestacy rules work. When someone passes away without a will, these rules determine how their estate is…
Read MoreEstate Planning for Blended Families: Navigating the Complexities with Sensitivity and Care
Estate Planning for Blended Families: Navigating Complexities with Sensitivity and Care Blended families are common today, with many adults in second or third significant relationships and children from previous unions. Estate planning in this scenario requires sensitivity. Not all children are the biological offspring of both partners, so it’s crucial to distribute assets fairly and…
Read MoreUnderstanding Probate: A Guide for Our Clients
Understanding the Probate Process in England At Beacon Advice, we are pleased to announce our new partnership with a national probate firm. This collaboration allows us to extend our services to include comprehensive probate assistance. In our experience, many people find themselves as executors of a deceased person’s estate with little or no understanding of…
Read MoreA Guide to Digital Assets in Estate Planning
As digital technology continues to become more integral to our daily lives, it becomes increasingly important to include digital assets in estate planning. Digital assets encompass everything from social media accounts to cryptocurrencies, and planning for their management after your death can prevent confusion and ensure your wishes are respected. Therefore, understanding how to manage…
Read MoreUnderstanding Life Interest in Property Trusts: A Simple Guide
What is a Life Interest in Property Trust? Imagine ensuring that your spouse can continue living in your family home without any worries after you pass away. A Life Interest in Property Trust enables exactly that. In this legal arrangement, trustees manage your property, allowing your spouse, known as the life tenant, to use the…
Read More🌟 Why Everyone Needs a Will: Breaking Down the Myths 🌟
Think you’re too young or don’t have enough assets for a will? Think again! Let’s debunk some common myths and show you why a will is essential for everyone. 1️⃣ Myth: “I’m too young for a will.” Reality: Life is unpredictable. A will is not just for the elderly; it’s a crucial tool for anyone…
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