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17 May 2016

Putting your affairs in order: from PETs to LPAs

Nobody likes to think about life coming to an end. But organising your affairs can only be of benefit to you and your family. Karen Bacon outlines what to consider.

There comes a time in each of our lives when we begin to think about putting our affairs in order. More often than not, this is when we are approaching retirement, or experiencing ill health.

Unappealing as the prospect may be, it’s never too early to start the process. And once it’s done, you will need to keep everything under review.

So, what do you need to consider, and how (and when) should you go about it?

Make a will: providing for your family

Inheritance tax planning: PETs

Retirement planning: plan in advance

Care fees planning: consider wills trusts

Funeral planning: talk about your wishes

Lasting power of attorney: who will take care of your affairs if you can’t?

Advance decision: end-of-life care in your hands

Click here to view the article in full published by The Gazette.

For more information on how the Steeles wills, trusts and tax team can support you and your family and support putting your affairs in order for later life please call 01603 598000 or email probate@steeleslaw.co.uk and a member of the team will be happy to contact you directly.

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