No one likes to think about getting their Will arranged but it's so important. We work with 3rd parties to make sure your Will is arranged swiftly and ensures your wishes will be carried out upon your passing.
Wills and Lasting Power of Attorney services are referred to a third party. Neither Pendant Financial Services nor PRIMIS are responsible for the service received. These services are not regulated by the Financial Conduct Authority and may have limited consumer protection.
Wills
There are two types of Wills, Single and Mirrored. A Single Will will state those who will administer your estate, be guardian(s) of your children, administer any Trust and outline any wishes you may have for after your passing.
Mirrored Wills are for couples who's intentions and/or desires match. This type of Will, states who will administer the estate and the same additional factors as a Single Will.
Trusts
A Trust ensures your assets left behind are looked after on your behalf once you pass. Trusts are created by you, entrusting individual(s) your assets for the benefit of the beneficiaries of your Will.
Beneficiaries and Trustees can be the same person! A common use of a Trust is to safeguard property against Care Home Costs, as well providing certain Tax benefits.
*This does not constitute as trust advice.
Lasting Power of Attorney
LPA gives someone you trust the legal authority to make decision on your behalf. This can be due to you coming to a point where you lack the mental capacity to make them or do no wish to do so.
The two types of Lasting Power of Attorney are:
- For Financial Decisions
- For Health & Care Decisions
Without this in place, if you become unable to make decisions for yourself your loved ones will have to go through a lengthy legal process to gain lawful entitlement to act on your behalf.