Protect the future
of your loved ones.

Choose the Middle Path.

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.

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

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

There is no need to delay making your will during the Covid-19 outbreak. Consultations are available by video link and telephone.