Ed, Author at The Planning Bee

The Merits of a Professionally Drafted Will: Protecting Your Legacy and Loved Ones

Planning for the future is one of the most responsible steps you can take, yet many overlook the importance of having a professionally drafted Will. At The Planning Bee, we emphasize the critical role a Will plays in safeguarding your assets and ensuring your wishes are honored. Here’s why opting for professional help is invaluable: […]

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The Autumn Budget 2024: Implications for Pensions, Inheritance Tax, and Farmers

Life Planning / By Ed

Inheritance Tax (IHT) Changes for Pensions: One of the most significant announcements from the Autumn Budget is the future inclusion of pensions in inheritance tax (IHT) calculations. From April 2027, pensions will be treated as part of an estate for IHT purposes. This move could substantially increase tax liabilities, especially impacting unmarried couples. What this

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Can You Create a Will at Home?

Wills / By Ed

You may have seen many companies that promise you can create your Will in the comfort of your own home without the involvement of legal professionals and at a fraction of the cost. This may seem too good to be true – and it often is. DIY Wills A Will is one of the most

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When Should You Write Your Will?

Life Planning, Wills / By Ed

Knowing when to write your Will can be challenging. It may seem that there is never a good time to get around to it, or the entire process can seem too difficult. However, having a Will is essential, and many excellent reasons exist to create one. Why You Need a Will Regardless of the assets

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5 Things Beneficiaries Need to Know

Life Planning / By Ed

As a beneficiary, you may have many questions about how receiving your inheritance will work and what terms and conditions need to be met before anything can be released to you. Here are five things that all beneficiaries should know! 1) There Are No Rules For When Beneficiaries Should Be Notified Although it is good

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How to Incorporate Trusts Into Your Will

Estate Planning, Life Planning / By Ed

Trusts and Wills sound like entirely different things; however, there are many ways that you can incorporate trusts into your Will! Wills vs Trusts Wills and trusts are often discussed together, and it can be challenging to understand the differences between them. A Will is a legal document that comes into force when you pass

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What Are Bloodline Wills?

Wills / By Ed

Having a Will is essential, but have you ever heard of a bloodline Will? Although they are similar to regular Wills, there are some key differences that influence who your beneficiaries can be. Bloodline Wills Defined Simply put, bloodline Wills are Wills that ensure that your descendants – in this case, only direct descendants such

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5 Reasons Why You Need Lasting Powers of Attorney

Power of Attorney / By Ed

Lasting powers of attorney (LPAs) are legal documents that can be incredibly useful for later life planning. Many people think they are unnecessary, but there are many reasons why an LPA may be beneficial to you. What Is an LPA? A lasting power of attorney (LPA) is a legal document that allows you to appoint

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How to Protect Your Assets With Trusts

Life Planning / By Ed

Trusts can be used in various ways, including protecting your assets for your loved ones. You don’t have to have millions in the bank to use trusts to your advantage – anyone can use them to pass assets on more effectively and save a surprising amount of Inheritance Tax. Types of Trusts There are many

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Your Guide to the Probate Process

Life Planning / By Ed

You may not pay much attention to the probate process during later life planning. Probate takes place after you pass away and it is a key part of administering your estate. Understanding how it works can help you take steps to make it easier for your loved ones to manage the process through. What Is

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