[New] Estate Planning and Trusts

- why setting one up would help you and your family

For over 20 years Steve Bish has helped thousands of families with their Estate Planning needs. He is a full member of the Society of Will Writers and a Fellow of the Institute of Paralegals. As well as being fully insured to provide a professional and personal service.

– anticipating, planning and arranging, during a person’s life, how you would like to protect and preserve your assets for loved ones.

A correctly drafted Will could protect your children’s inheritance from future events such as re-marriage after the death of a spouse or care fees in later life.

A Trust is often an essential part of Estate Planning. Lifetime Trusts are made between the Settlor and the Trustees and are used to hold assets for one or more Beneficiaries. As the name suggests, this type of Trust is active during the lifetime of the person making it. A simpler form of Trust is known as a Will Trust which comes into effect with the passing of the Testator.

Five common reasons why you may need a Trust in your Will are:

• You have children under the age of 18.

• You have children from previous relationships and you want to ensure they receive an inheritance.

• You have a child with a disability or a vulnerable adult as a beneficiary.

• You are concerned about care fees in later life.

• The possibility of a remarriage after the death of a spouse. Nobody likes to think about death but you have worked hard all your life to provide the best for your family. Making sure you consider their future once you have gone ensures your life’s work is appreciated and not gone to waste. There is also a peace of mind knowing your Beneficiaries are protected and taken care of if the unforeseeable happens.

With any Estate Planning of any size or nature, considering the legal implications of making sure your wishes are carried out to the letter, there is only one common rule –speak to an expert!

Covering all of Hertfordshire and adjoining counties my aim is to give a tailored service addressing the individual needs of my clients.