You may think you can do without professional estate planning advice, but hiring an estate planning consultant can be invaluable to your asset protection strategy. An estate planning professional can provide you with sound legal, accounting, and financial advice, as well as related services to assist you in preparing for the future management as well as the disposal or distribution of your wealth and estate should you suffer incapacity or after your death.
Many think that this kind of service is exclusive to high net worth people, not realising that anyone with any amount of wealth can benefit from it. However, those with vast amounts of money in the bank as well as those who have amassed a wide variety of assets and asset types do find estate planning especially appropriate for their circumstances.
The more complex your estate is, the more likely you will need the services of an estate planning consultant to figure out the best strategy to protect your wealth should you meet an accident that renders you unable to make your own decisions, suffer dementia, or in the event of your sudden death. Your choice of estate planning consultant can make or break your wealth management strategy, make sure to weigh all your options.
An estate planning consultant must have the right qualifications and certifications to ensure the quality of their advice. When hiring an estate planning specialist, make sure that they take the time to explain to you all the basic elements and fundamentals of your estate strategy. Some of the most basic elements of an estate plan include your last will and testament and powers of attorney (for financial and property affairs as well as for health and welfare matters). Your will should express your personal wishes about the management and ownership of your estate after death, while your powers of attorney give your attorney the legal power to make your decisions for you, be it in terms of your finances and assets, or your health and welfare.
MVL Wills and Trusts of Battle, East Sussex, can help you with their will writing and planning experience, and advice. A consultation is free and can be held at our offices or in the comfort of your own home. Call 01424 577070 or email info@mvlwillsandtrusts.co.uk for an appointment.