Estate Planning - It's Good to Talk

Discussing what will happen after you die is often a taboo subject, however it’s wise to start planning as soon as possible.

Around £1 billion was left ownerless last year due to people dying without a will in place, and while it can be a hard topic to bring up with loved ones, planning your estate at the soonest opportunity can save your family stress and, in some cases, a lot of money.

Managing costs

The average cost of funerals rose by 3.9% in the year 2014-2015, with the estimated average cost of a funeral in the UK standing at £3,600. There are funeral subsidies available for those on low incomes (which has been frozen at £700 since 2003), however with the average funeral costs much higher than this, it can be a struggle for loved ones to find the extra money.

Planning in Advance

Another benefit of writing a will is that you can pre-plan your funeral to ensure that your wishes are carried out upon your death. The sooner you do this, the more time you have to work out smaller details and check that your wishes are accurately represented.

If you would like help planning your estate or writing you will, please get in touch and we will be happy to advise.