All of that seems to be very straightforward. But, if you don’t have the right paperwork and set up in place, it can suddenly become very complicated.
You need to start with a decent Will – kept up to date to reflect the changing needs of your family. And ensuring your estate will be divided up as you see fit.
If you have a young family, or vulnerable dependents, setting up a Trust is an ideal way to protect their inheritance and ensure they are provided for. Trusts can also be a very tax efficient way of planning for the future.