When many people hear the words “estate planning”, they immediately think of very wealthy people with country homes, investment portfolios, or big family businesses. But estate planning is something that affects almost everyone, regardless of their wealth. Whether you own a house, have some savings, or simply want to make life easier for your loved ones, having a plan in place can make a huge difference.
What is estate planning?
Estate planning is the process of organising your assets and affairs to ensure that, after your death, your wishes are carried out in the way you intended. It can include:
- Writing a valid will
- Planning for inheritance tax
- Deciding who should look after children or dependents
- Setting up trusts* where appropriate
- Putting in place lasting powers of attorney for health and financial decisions if you lose capacity
It isn’t only about distributing wealth – it’s about giving clarity, peace of mind, and protection to those you care about.
Why is estate planning important?
- Avoiding uncertainty
Without a valid will or clear plan, your estate will be divided according to the UK’s intestacy laws. This might not reflect your wishes and can cause disputes or confusion for your family or even result in your assets passing to the wrong people. - Reducing stress for loved ones
At a difficult time, your family will already be dealing with loss. A well-prepared estate plan makes the practical side of things far simpler and less stressful. - Protecting Assets
Even modest estates may be subject to inheritance tax or care home fee assessments. Planning ahead can help you protect what you’ve worked hard for and pass on more to your family. - Protecting children with special needs
Families with children with special needs face unique financial considerations. Foresight works with SEND Protect, a support service for families with special educational needs and disabilities, to help parents put the right plans in place. By updating your will or setting up a trust, you can safeguard your child’s future and ensure their care is managed as you intend. In partnership with Insight Financial Associates, SEND Protect host free financial education events for SEND families, available both in-person and online. The next webinar is on 15 October 2025 you can find out more at: www.sendprotect.co.uk/event-list - Not just about the wealthy
Estate planning matters whether you have a large estate or not. For example:- Homeowners: With current property values in the UK, many families are surprised to find inheritance tax could apply.
- Parents: Estate planning allows you to appoint guardians for your children.
- Couples: Unmarried partners don’t automatically inherit without a will.
- Anyone with savings or a pension: You can decide where these should go.
In short, estate planning is about making sure your wishes are respected, and your loved ones are looked after.
Take control of your future
The good news is that estate planning doesn’t have to be complicated, but it does need to be tailored to your circumstances. Speaking to a professional adviser can help you make the right decisions, minimise tax where possible, and avoid unintended consequences.
When it comes to making a will, many people think first of a solicitor, but estate planning may not always be their focus. At Foresight, it’s all they do. With over 23 years’ experience, they specialise in clear, practical wills and estate plans for individuals and families.
Fully qualified, insured and regulated by the Institute of Professional Will Writers, they offer expert guidance that’s personal, focused and often more cost-effective than a solicitor.
Whether you need to write or update your will, protect your assets, or simply gain peace of mind, Foresight is here to help.
Get in touch today to arrange a FREE confidential discussion with the Foresight team: 01603 268081 | [email protected]
*A trust is a way to hold and manage your assets for the benefit of someone else. You place money, property, or investments into the trust, and a trustee looks after them according to your instructions.
For more information
https://www.gov.uk/trusts-taxes#:~:text=A%20trust%20is%20a%20way,who%20benefits%20from%20the%20trust
https://www.gov.uk/inherits-someone-dies-without-will
The Financial Conduct Authority does not regulate estate planning, tax advice, wills or trusts
Myth-buster
Investing is only one piece of the puzzle. A comprehensive financial plan includes budgeting, emergency savings, debt management, and protection for your family or business. It’s about creating a roadmap for your entire financial life.
Real people, real stories
Ken came to us wanting to retire early to avoid another winter working on the factory floor. Sitting together in his lounge, we mapped out his cash flow, tested different scenarios, and showed how he could retire securely. Now, he’s planning a camper van adventure in Scotland – proof of how the right planning can transform lives.