video phone beyonce mp3 Estate Planning in the UK in 2019

To start with, Estate Planning is something that a lot of people think doesn't apply to them. However, the reality is that most of us have an estate.
You can read more about this, and related topics here:
- Estate Planning - https://ukcareguide.co.uk/estate-plan...
- How to avoid inheritance tax - https://ukcareguide.co.uk/avoid-inher...
- Protective Property Trusts - https://ukcareguide.co.uk/protective-...
- Costs of Probate - https://ukcareguide.co.uk/what-is-the...
If you own a house, car or have savings even furniture then this is an estate.
It doesn't matter how large or how small it is, it still is an estate. And something everyone has in common irrespective of whether you have a large or small estate—you can’t take it with you when you die.
When that happens—and it is a “when” and not an “if”—you probably want to control how those things are given to the people or organisations you care most about.
To ensure your wishes are carried out, you need to provide instructions stating
- whom you want to receive something of yours,
- what you want them to receive, and
- when they are to receive it.
You will, of course, want this to happen with the least amount paid in taxes, legal fees, and court costs.
This is what you would call estate planning—making a plan in advance and naming whom you want to receive the things you own after you die. However, good estate planning is much more than that.
Good estate planning will also help you minimise any inheritance tax that could be due on your estate. For more information on inheritance tax and tips on how you can avoid it, please do watch our video on it.
Overall estate planning can be broken down in to 4 parts.
The first part is writing a will and making executors, family members and friends aware of it.
The second part is making a comprehensive list of your assets and any debts. This list should include property assets, material assets and any savings or funds you will leave behind.
The third part is planning and/or recording cash gifts you plan to give to protect against inheritance tax.
The fourth and final part is about making provisions for your funeral and funeral expenses.
If estate planning is something you are looking to do then we would recommend that you speak to an advisor who can help you with the financial and legal aspects of estate planning. You can have a look on our website to find one in your area.
Ok, that's all I was going to cover today. I hope you found this video on Estate Planning useful.
If there are any other questions you would like answering, please leave these in the comments section below and I will respond to them.
Also, please do subscribe to our channel for more informative videos on elderly care issues.
Bye for now.

video phone beyonce mp3 Estate Planning in the UK in 2019
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