Estate planning is preparing a plan of action for transferring your assets to your beneficiaries or next of kin.

Your estate is the totality of what you leave behind when you die.  We tend to think of our estate as property and, for many people, their house is their most valuable asset, but there are other assets to consider such as pensions, savings and investments, physical possessions such as a record collection, works of art or a favourite vase.

When deciding where you’d like your assets to go when you die and how you want your estate to be managed, you’ll need a Will and possibly a Lasting Power of Attorney.