{"id":1264,"date":"2022-10-24T12:16:13","date_gmt":"2022-10-24T12:16:13","guid":{"rendered":"https:\/\/www.hansfordbell.co.uk\/?p=1264"},"modified":"2022-11-07T12:38:34","modified_gmt":"2022-11-07T12:38:34","slug":"what-is-estate-planning","status":"publish","type":"post","link":"https:\/\/www.hansfordbell.co.uk\/what-is-estate-planning\/","title":{"rendered":"What is Estate Planning?"},"content":{"rendered":"

What is Estate Planning?<\/h1><\/div>
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Working out the best way to pass on your estate is critical to any effective financial life plan. Not only does estate planning maximise the wealth you can pass on, but it also helps to avoid conflict, protect your best interests, and provide the peace of mind you need to live life worry free.<\/h4><\/div>

Here at Hansford Bell<\/a>, we take a forward-thinking approach to money. Specialising in financial life planning<\/a>, we help our clients create bespoke, highly robust plans that align with their personal goals and wishes \u2013 during life, and after it.<\/p>\n

In this blog, we provide an overview of estate planning and explain why it\u2019s so important.<\/p>\n<\/div><\/div><\/div>

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What is Estate Planning?<\/h2><\/div>
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Estate planning is essentially a detailed strategy for your end of life and assets. It outlines how your wealth and possessions should be passed on, arrangements for your funeral, as well as what should happen if you become incapacitated. It also aims to structure your estate in such a way that you minimise the inheritance tax implications, and pass property on to your loved ones in the best possible way. Above all, it\u2019s about clearly setting out your wishes to make sure they are fully respected when you\u2019re gone.<\/p>\n

The creation of a will is central to your estate plan, but there are a range of other documents to consider too, including:<\/p>\n