The Different Types of Will and other estate planning documents
A standard Will for one person.
Two identical wills for partners, husbands and wives
PROPERTY PROTECTION TRUST WILLS
Ensures that your property is left to the people you want. Can be useful in protecting an estate from Care Home Fees
FAMILY TRUSTS & HOME PROTECTION TRUSTS
Used alongside a Will, this is a powerful and flexible document that can be useful in protecting assets and mitigating against probate costs etc
LASTING POWERS OF ATTORNEY (LPA)
There are two kinds of LPA, Property & Affairs and Health & Welfare, both documents allow a person to nominate who can make decisions for them in the event of mental incapacity, usually a family member or close friend. This is an essential document that everyone should have.
DEED OF GIFT
A formal, legal, agreement that transfers ownership of, and legal rights to the items to be donated.
Appoints someone to manage your property and financial affairs.
Indicates your wish to refuse all or some forms of medical treatment if you lose mental capacity in the future.