Creating a Will is the only way to make sure your wishes are respected after your death. Without a valid Will, your estate will be distributed according to the Law of Intestacy — which might not reflect what you would have wanted. It can also delay the process of finalising your affairs, adding unnecessary stress for your loved ones.

Are you considering setting up a Power of Attorney for a parent or loved one? Or perhaps you’re thinking about arranging one for yourself? Here’s what you need to know.

A Power of Attorney allows you to appoint someone you trust to make decisions on your behalf if you ever lose mental capacity, as defined by the Mental Capacity Act 2005. This loss of capacity could be the result of dementia, illness, or even an unexpected accident.

A Trust is a legal arrangement used to protect and manage assets for the benefit of specific beneficiaries. The person who creates the Trust is known as the Settlor, and they appoint Trustees to manage the assets according to the terms set out in the Trust document. Trustees generally have discretion to act, provided their decisions are in the best interests of the beneficiaries.

Trusts are not just for the very wealthy. They allow you to control how your assets are managed and passed on safely and efficiently. Vantage 360 Estate Planning will help you set up the right type of trust for your personal circumstances.