Checklist

Casey & Associates client check list

Do you know where your latest, and thus current, Wills are stored?

Are your Wills dated and were they signed in front of two independent witnesses?

Do you have children under 18 years of age? If so, have you created a Will with a guardianship clause in it?

Have you married since creating your last Will? If so, your Will is revoked and you need a new one. Please contact us.

Does your Will have a “Discretionary” Trust in it? If so, it may need amending so please contact us.

Do you have a trust in your Will? If so, have you moved since you created your Will? You may need to change the title of your new house to “tenants in common” ownership. Do you know about this? Please contact us if you need advice.

Have you created Lasting Powers of Attorney? If not, please consider doing this as a matter of urgency. Please contact us for advice and assistance.

If you have created Lasting Powers of Attorney, are they registered? If not, we recommend that you do so as a matter of urgency.

Do you have an ICE (In Case of Emergency) file set up? An ICE file should contain asset, bank account, insurance and Death in Service policy details. If not, we recommend you set one up as a matter of urgency. If you have created an ICE file does your spouse and do your family know where the file is stored?

Pre-paid funeral prices go up on 01 April 2020. If you are considering a pre-paid funeral plan, we are offering £50 M&S vouchers for each client who takes out a policy by 31 March 2020. Please contact us for further information.

If you have a trust protecting your house (a Home Protection Plan or HPP) you may be affected by a recent change in the Inheritance Tax laws. If your assets are over £325,000 (single person) or £650,000 (couple) and your home (or part of it) is held in an HPP trust, please contact us for advice.

Do you keep your digital life on your device protected by passwords? Do you have a system that allows your executors to retrieve those passwords when the time comes?

Do you and your spouse know about all of your pensions? What happens on first death? And on second death? If you would like advice on pensions, we can introduce you to a pension professional who can give you some initial advice without charge.

Whatever your circumstances it is best to get professional advice. If you would like to meet one of our Consultants and discuss any of the issues raised in this article or any other Estate Planning topic, please telephone 01732 868190 or click here.

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