For many Alnwick families, the home is the most valuable asset. Add savings, investments, and personal possessions, and it’s clear why proper protection matters. Without a plan, your estate could be exposed to avoidable costs and complications.
Pitfall 1: No valid will
Without a will, the laws of intestacy decide who inherits — which may not match your wishes. Unmarried partners in particular are at risk of being left out.
Pitfall 2: Ignoring inheritance tax
Many families are unaware of thresholds and allowances. Smart planning can legitimately reduce tax and maximise what loved ones receive.
Pitfall 3: Overlooking care home fees
Later-life care can be costly. Thoughtful planning can help protect the family home and savings from being entirely consumed by fees.
Pitfall 4: Relying on verbal promises
Good intentions aren’t legal instructions. Clear documentation prevents disputes and ensures your wishes are followed.
Pitfall 5: Failing to review your plan
Life changes — marriage, divorce, new grandchildren, or buying a new property in Alnwick can all affect your plan. Regular reviews keep protection up to date.
How Rothco Wills can help
- Will writing and updates
- Inheritance tax planning
- Care fee planning and trusts
- Lasting Powers of Attorney
Secure your estate the right way:
