Implementing a plan to protect your estate is one of the most important financial decisions that you will ever make. Up to 60% of people in the UK do not have a will in place, meaning that their assets could fall into the wrong hands, or cause untold stress for your family and loved ones. Not only for retirees and high net-worth individuals, estate planning is an essential strategy that makes sure your wealth is passed to the people you care about.

With will writing encompassing only a part of the estate planning process, it’s vital to take a holistic view at how you would like your estate distributed upon your death. Creating a bespoke estate planning solution can help you to pass more of your assets onto family, friends and business partners without incurring significant tax bills that could reduce the value of what they receive, or lengthy delays from probate. In addition to creating a comprehensive will, effective estate planning should include both financial and legal aspects: