Considering what happens after death will not be easy for your employees. It can feel unsettling to picture life carrying on without them, which is why many people delay writing a will, telling themselves they’ll “sort it later.” But the reality is that none of us know when that time will come.
Having a will in place means your employee’s estate will be dealt with according to their wishes. It will also spare their loved ones from having to deal with working out how to manage their affairs while they’re still navigating their grief. It can cover important issues such as:
- Appointing a guardian for any children or dependants
- Deciding how to leave their property
- Taking steps to protect unmarried partners or stepchildren
- Mitigating the amount of Inheritance Tax (IHT) applied to their estate
A Lasting Power of Attorney (LPA) is another important consideration in later-life planning. While we all hope to maintain good physical and mental health, life can change unexpectedly. An LPA means that trusted individuals will be making decisions about key areas of your employees’ lives, such as their healthcare and finances.
In this guide, employees can learn how creating a will and establishing a Lasting Power of Attorney (LPA) can help provide peace of mind for them and their loved ones regarding the future.
Secondsight is a trading name of Foster Denovo Limited, which is authorised and regulated by the Financial Conduct Authority.
Please note: This guide is for general information only and does not constitute advice. The information is aimed at retail clients only.
All information is correct at the time of writing and is subject to change in the future.
Please note: This guide is for general information only and does not constitute advice. The information is aimed at retail clients only.
All information is correct at the time of writing and is subject to change in the future.
The Financial Conduct Authority does not regulate estate planning, tax planning, Lasting
Powers of Attorney, trust advice or will writing
