An LPA allows someone (or multiple people) you trust to make decisions on your behalf if you’re unable to. LPAs can cover financial decisions, health, and welfare choices, or both. 

Trusts, Wills, and tax planning strategies can all help in safeguarding assets for your descendants.

Probate involves validating a deceased person’s Will, assessing the estate’s value, paying any inheritance tax and other debts, and collecting and distributing the remaining assets to beneficiaries as per a Will.

Intestacy is the process by which your assets will be distributed amongst your relatives if you don’t leave a Will.

Seeking legal guidance on care planning and exploring options like LPAs and properly drafted Wills can help in ensuring the wellbeing and peace of mind of elderly family members.

Yes, through effective estate planning, including the use of Wills, trusts, lifetime gifts and deeds of variation, one can potentially reduce inheritance tax liabilities.

It’s advisable to review these documents every few years or after significant life events like marriages, divorces, or the birth of children.

Through tailored estate planning, Will drafting and trust formation, overseas assets can be managed and protected in line with your wishes.

Yes, leaving gifts to charities in your Will can also have beneficial inheritance tax implications.

While both are tools for estate planning, a Will outlines how assets should be distributed upon death, whereas a trust holds assets for the benefit of specific individuals and can be set up in your lifetime or by Will.