Wills & Power of Attorney
Our Wills and Power of Attorney services
At Taurus Wealth Management, we understand that planning for the future involves more than just financial investments.
Our comprehensive services include guidance on wills and power of attorney, ensuring that your wishes are respected and your affairs are managed according to your preferences.
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Wills and Power of Attorney overview
At Taurus Wealth Management, we believe that wills and powers of attorney are fundamental components of a comprehensive financial plan. Our expertise in financial planning allows us to guide you through the process, ensuring crucial documents align with your overall financial strategy and personal wishes.
We work closely with legal professionals to ensure all aspects of your estate planning are coordinated and optimized. Our goal is to give you peace of mind, knowing that your affairs will be managed according to your wishes, both during your lifetime and after your passing.
Will Planning
We’ll help you consider all aspects of your estate and how you wish to distribute it.
Asset Review
We’ll conduct a thorough review of your assets to ensure nothing is overlooked in your will.
Beneficiaries
We’ll discuss options for providing for dependents, including setting up trusts for minors.
Tax-Efficient Planning
We’ll advise on structuring your will to minimise inheritance tax liabilities.
Regular Reviews
We recommend reviewing your will every 3-5 years or after significant life events.
Types of POA
We’ll explain the differences between various types, including:
- Lasting Power of Attorney (LPA) for Property and Financial Affairs
- LPA for Health and Welfare
- Ordinary Power of Attorney
Choosing a POA
We’ll discuss the importance of selecting trustworthy individuals and considerations for multiple attorneys.
Scope of Authority
We’ll help you understand what powers you’re granting and how to limit them if desired.
Registration Process
We’ll guide you through the process of registering your POA with the Office of the Public Guardian.
Financial Considerations
We’ll advise on how a POA interacts with your broader financial plan.
Our process
- Initial Consultation: We'll discuss your family situation, assets, and wishes for both your will and POA.
- Strategy Development: We'll help you develop a strategy that aligns with your overall estate and financial planning goals.
- Regular Reviews: We'll help you keep your will and POA up to date with your changing circumstances and wishes.
- Secure Storage: We'll advise on the best ways to store your documents securely while ensuring they're accessible when needed.
Key considerations
- The importance of having both a will and POA in place
- How to communicate your wishes to family members
- The role of executors in your will and how to choose them
- The potential consequences of dying intestate (without a valid will)
- How marriage, divorce, or having children can affect your will
- The importance of mental capacity in creating and maintaining these documents
Will writing is not regulated by the Financial Conduct Authority.
Want to know what our long-term clients get when working with us?
Call the office and schedule a time to talk with the Taurus Wealth team today.