Protect the future
of your loved ones.

Choose the Middle Path.

As well as a Will, Middle Path Estate Planning will also provide you with...

 I like to get to know my clients, not just take instructions. I am not the usual will writer who charges by the hour and produces a document at the end that you won’t understand. Unfortunately the language in wills is legal by nature but I will be happy to explain to you what it means. If you are like me, you will relish the opportunity to expand your mind and increase your knowledge.

You will be surprised how topics of estate planning can become great dinner party conversations, because they should be common to all of us. We all need a will.

As an Independent Financial Planner, I am up to date with the latest tax legislation and will be able to bring in this knowledge when necessary.

Tax planning is an unregulated area, but if I feel you would benefit from an introduction to a company that offers investments for estate planning (inheritance tax mitigation). I will do this through Happy Planet Financial Planning (HPFP).

Likewise, if a life assurance policy is to be recommended to cover inheritance tax liabilities, I am also able to do this through HPFP.

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I will give you time to ask as many questions as you wish. I will be happy to talk through various scenarios with you regarding the choices you make in your will, such as who you leave your assets to, how you leave them (directly or through a trust), and when, which is important in the case of minors.

Many people approach an Estate Planner to ask “what shall I do with my money?” I like to turn this around and ask “what can your money do for you?”. There is an important difference and just thinking about this can change your life. Your money is yours to use during your life to enrich your existence and that of those around you.

When you are gone, your wealth can continue to enhance and support the lives of your loved ones.
You will be surprised how having your will written will give you such peace of mind, and I encourage my clients also to talk to their families and beneficiaries about their wills. This is especially important if the money being left is a life-changing amount. The beneficiary would no doubt like time to think and prepare for this, and possibly seek the advice of a financial planner.

You are also likely to be happier knowing what plans that person might have for your gift, especially if they use it for something important such as getting on the property ladder, education or a life changing trip around the world. Or perhaps you are leaving money to a charity and you may wish to discuss with them how the legacy will be used to benefit others.
I do not wish for my clients to view my service as a transactional service. Life throws us curve balls and wonderful events, such as marriages and births and can mean we change our minds and plans.

I advise everyone to review their wills on at least a five yearly basis and after every life event – moving house, retirement, marriage, divorce, bereavement, birth
.

I am always just a phone call away to answer any questions on the impacts these events have on your estate planning.

What is Estate Planning?

Estate Planning is wider than just ‘The Last Will and Testament’. Whilst this is the most important document, comprehensive estate planning should also include making provision for the taking of important decisions on your behalf, should you lose the mental capacity to make these decisions for yourself.

A common misconception is that you need a large estate to benefit from Estate Planning, and if you don’t own expensive material possessions then there is no need to prepare a Will. However, if you have children under the age of 18 you should absolutely have a will and likewise if you own a house or a car, even have a bank account you should have a will.

The basic rule is that if you are over 18, and you have testamentary capacity you should make a will.

Everything you own represents your life’s work – live with purpose, give with purpose – make a will.

Life’s road can be unpredictable, but choose the Middle Path and you will arrive safely at your journey’s end.

In the Buddhist tradition the Middle Path or Middle Way is the first teaching. It advises a path of moderation, taking a middle way between extremes. In particular, the Buddha advises against taking either an overly hard path or an overly easy path.
He said that a person should not be either too self-indulgent or self-denying. The middle path is a different way of life.

What is Estate Planning?

Quite simply if you do not formulate a plan and document it in your Will, then you die intestate – your estate will be shared out based on the laws of intestacy. For smaller estates this means the spouse receives the majority (the first £270,000) and of the excess they also receive 50%  and the other 50% is shared by the children.

So for larger estates, the children could end up with more than intended and this could cause unnecessary inheritance tax to be paid. If you have children from previous relationships or others that rely on you, making a will is the only way to ensure they benefit on your death.

Why do I need a Lasting Power of Attorney?

Otherwise known as an LPA, this document is second on the list of vital Estate Planning documents, after a Will.

There are two types of LPA – one for Property and Finance and one for Health & Welfare. It is sensible to have both as they deal with very different aspects, and to put them in place when you are young as you are required to have full mental capacity – a higher standard than that of a Will.

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“We found we were treated like valued clients and not just being sold a service.
All the options were very clearly explained and we were never put under any pressure. We have no hesitation in recommending Middle Path Estate Planning to anyone looking to make a will, and who wants to have everything explained clearly so that they fully understand”

Mr & Mrs Evans

Milton Keynes