asset plans

Planning your estate requires carerful consideration and the arrangements you make for your legacy will have consequences for generations to come.

Without a suitable estate plan in place, your loved ones could be left without the financial means to maintain their current lifestyle. Your family home could even be at risk. Thinking about life after death is never easy though, which is why 60% of people in the United Kingdom haven’t made adequate provision for the distribution of their assets.

When arranging to have your will written, it’s worth drawing up a list of your assets and debts. This gives you a clear idea of what your estate is worth at that time, which helps you to write your will. 

Get your assets valued regularly. Your house price or pension fund, for instance, may have changed dramatically in value since you last checked.

ASSETS THAT TYPICALLY MAKE UP AN ESTATE INCLUDE:
  • Your home, and any other property you own

  • Savings in bank accounts

  • National Savings, such as premium bonds

  • Insurance, such as life insurance or an endowment policy

  • Pension sums that include a lump sum payment on death

  • Investments such as stocks and shares or investment trusts

  • Motor vehicles

  • Jewellery, antiques and other personal belongings

  • Furniture and other household contents

DEBTS MAY INCLUDE:
  • A mortgage

  • A credit card balance

  • A bank overdraft

  • Loans

  • Equity Release