My Inheritance Planning Form

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This inheritance planning form is essential for gathering comprehensive information about your personal, financial, and legal circumstances.

This detailed collection of data helps ensure that the advice and services we provide are tailored to your specific needs and situation.

The questionnaire covers various aspects of your circumstances including family structure, assets, liabilities, and wishes for the future.

It's important to understand that all information provided in a fact-find questionnaire is treated with the utmost confidentiality. The data collected is protected under strict privacy laws and professional codes of conduct, and is used solely for the purpose of providing appropriate advice.

You can feel secure in providing honest and complete answers, as this confidentiality is crucial in establishing a trusting professional relationship and ensuring the most accurate and beneficial guidance.

Privacy Statement

I understand that I am providing Inherisure with my contact details and I agree to them contacting me. I am aware that I can find details of how Inherisure will use my details in their Privacy Policy

(Required)

I have read the above privacy statement (Required)

Your basic requirements

Are you creating this will for yourself only, or are you and your partner/spouse both creating wills at this time?(Required)

A will can be created for an individual or a couple. An individual will cover only your assets and wishes. In contrast, a joint will (sometimes called "mirror wills" when they're nearly identical) covers both your and your partner's assets and wishes.

It's important to note that in the UK, true joint wills (where both wills are contained in a single document) are rare and generally not recommended. Instead, couples often opt for mirror wills, which are separate documents with similar or identical provisions.

Just Me (Single Will)

Myself and Partner/Spouse (Mirror Wills)

Are you and your partner/spouse

Married

In a Civil Partnership

Living Together

Other

Do you intend to get married?

Yes

For the remainder of this form, we will refer to sections for YOU and YOUR SPOUSE. Although we use the word "spouse", this refers to someone you are married to, in a civil partnership with, or living with.

Your Personal Details

YOUR Name

First Name Any Middle Names Last Name

Your Date of Birth

Day

Month

Year

YOUR Phone

YOUR Email

YOUR Address

Street Address Address Line 2 City Post Code

Your Spouse's Personal Details

YOUR SPOUSE'S Name

First Name Any Middle Names Last Name

YOUR SPOUSE'S Date of Birth

Day

Month

Year

YOUR SPOUSE'S Phone

YOUR SPOUSE'S Email

YOUR SPOUSE'S Address

Same as YOUR address?

Address

Street Address Address Line 2 City Post Code

Are you aware of the various advantages and protections that come with having a legally valid will?(Required)

This question aims to gauge your awareness of the advantages of creating a will. Having a clear understanding of these benefits can help you make informed decisions throughout the will-writing process and motivate you to complete this important task.

Yes

Are you familiar with the legal definition of 'Estate' and what it encompasses in the context of wills and inheritance?(Required)

When dealing with wills and inheritance matters, the term "Estate" is frequently used and is fundamental to understanding the process of asset distribution after death. It's important to clearly grasp this concept as it forms the basis of what will be addressed in your will.

Yes

Are you aware that having 'mental capacity' is a legal requirement for creating a valid will, and do you understand what this means?(Required)

Mental capacity is a crucial legal concept for creating a valid will. It's essential to understand this requirement as it directly affects the legitimacy and enforceability of your will.

Yes

These following three questions relate to YOUR SPOUSE.

Is your spouse aware of the various advantages and protections that come with having a legally valid will?(Required)

This question aims to gauge awareness of the advantages of creating a will. Having a clear understanding of these benefits can help make informed decisions throughout the will-writing process.

Yes

Is your spouse familiar with the legal definition of 'Estate' and what it encompasses in the context of wills and inheritance?(Required)

Yes

Is your spouse aware that having 'mental capacity' is a legal requirement for creating a valid will, and do they understand what this means?(Required)

Mental capacity is a crucial legal concept for creating a valid will. It's essential to understand this requirement as it directly affects the legitimacy and enforceability of the will.

Yes

Do you have any children who should be considered in your will?

Knowing whether you have children is crucial for several aspects of will-writing. It affects how you choose to distribute your assets and whether you need to appoint guardians, and it can impact tax planning considerations. This information also helps ensure you comprehensively address all your family responsibilities.

Yes

When answering this question, consider all your children, including those from current and previous relationships, adopted children, and step-children you may wish to include.

Your children

Child's Name	Child's Date of Birth	Age	Actions

There are no Children.

Maximum number of children reached.

Are there any grandchildren that you would like to consider as potential beneficiaries in your will?

Including grandchildren in your will can significantly affect how you distribute your assets and plan for future generations. It's particularly relevant if you wish to set up trusts, make specific bequests, or ensure a fair distribution across different branches of your family tree.

Yes

When answering this question, consider all your grandchildren, including those from your children's current or previous relationships.

Your grandchildren

Grandchild's Name	Actions

There are no Grandchildren.

Maximum number of grandchildren reached.

Are either or both of your parents still alive, and do you wish to consider them in your will?

Knowing whether you have living parents can influence various aspects of your will. It may affect how you distribute your assets, especially if you're unmarried or don't have children. Sometimes, people wish to make provisions for their parents' care or leave them a specific inheritance. Additionally, this information can be relevant for understanding potential inheritance tax implications.

Yes

If you have step-parents you consider as parents, you may want to include them as well.

Parents

Parent's Name	Actions

There are no Parents.

Maximum number of parents reached.

What are your preferences for your final arrangements after your passing?

While not legally binding, expressing your preferences for burial or cremation can provide valuable guidance to your family and executors. You can give detailed instructions about your funeral or memorial service in a separate document. If you have very specific wishes, discussing them with your family or executor is advisable to ensure they can be carried out.

Buried

Cremated

Family Plot

Other

Who would you like to appoint as the executor(s) of your will, responsible for managing your estate after your death? You may select up to four individuals. Would you also like to appoint a 'Protector' to oversee the executors' actions?

A protector is someone who holds powers under a trust but is not a trustee. A protector is a person who is independent of the trustees. The protector's role is usually to monitor, oversee or exercise a degree of control over the trust by the trustees.

Executors and optional Protector

Name of Executor or Protector	What is their role?	Actions

There are no Executors and/or a Protector.

Maximum number of executors and/or a protector reached.

Your Estate

Would you like to write a supplementary letter of wishes?

A letter of wishes is a non-legally binding document accompanying your will. It provides additional guidance and personal messages to your executors, trustees, and beneficiaries about how you'd like certain aspects of your estate to be handled.

While not legally enforceable, a letter of wishes can be invaluable in conveying your thoughts, explanations, and preferences on matters that may not be appropriate or necessary to include in your will itself.

Yes

Please type (or paste) your letter of wishes if you already have one prepared.

What is your primary preference for the distribution of your estate?

This question is just to understand your general preferences for distributing your estate. While your will can include specific bequests and more detailed instructions, this gives a broad overview of your intentions. Your choice here will guide the subsequent, more detailed decisions about your estate distribution.

You can still make specific bequests or set up trusts within your chosen structure. For instance, even if you leave everything to your spouse, you might still want to make small bequests to other individuals or charities.

Split evenly between beneficiaries

Leave to Spouse or Partner

Leave to Children

Other arrangements

Please describe the other arrangements

Are there any specific individuals, organisations, or charities to whom you'd like to leave particular items or sums of money as part of your will?

Specific gifts are usually distributed before the rest of your estate is divided. Consider how these gifts might impact the overall distribution of your estate and whether they align with your broader wishes for your legacy. It's also important to be clear and specific when describing these gifts to avoid any confusion or potential disputes. If you're leaving a particular item, describe it in detail. For monetary gifts, specify whether it's a fixed sum or a percentage of your estate.

Yes

Please list the amount of money or items and the person or charity you wish to gift them to

Have you made any arrangements, such as a prepaid funeral plan, funeral insurance, or dedicated savings, to cover the costs of your funeral?

Yes

How are funeral costs being met?

Have you considered organ donation, and would you like to express your wishes regarding this in your will or through the NHS Organ Donor Register?

In England, Wales, and Scotland, there is an "opt-out" system for organ donation, meaning adults are considered potential donors unless they have recorded a decision not to donate or are in an excluded group. However, family members will still be consulted, so it's important to make your wishes known to them.

If you decide to include your organ donation wishes in your will, be aware that by the time the will is typically read, it may be too late for organ donation. Therefore, it's advisable also to register your decision with the NHS Organ Donor Register and discuss your wishes with your family. This ensures that your preferences are known and can be handled quickly if the situation arises.

Yes

Are you intentionally excluding any family members or others who might normally expect to inherit from your estate?

This question addresses a sensitive but important aspect of will-making: the deliberate exclusion of potential beneficiaries. While you have the right to distribute your estate as you see fit, intentionally leaving someone out of your will can sometimes lead to legal challenges.

There may be various reasons why you might choose to exclude someone who could reasonably expect to benefit from your will. However, handling such decisions carefully is crucial to minimise the risk of your will being contested after your death.

Yes

Please provide their name(s) and if appropriate, any reason(s)

Your Assets

Do you own any digital assets that you would like to include in your estate planning?

Digital assets can have both financial and sentimental value. They may include online bank accounts, cryptocurrency wallets, social media profiles, email accounts, digital photos, online businesses, or intellectual property stored in the cloud. Including these assets in your will ensures they are properly managed and distributed according to your wishes after your death.

Yes

These may include cryptocurrency, online accounts, digital content or NFTs.

Please list these digital assets

What is the current ownership or occupancy status of the property where you usually live?

Understanding the ownership status of your primary residence is crucial for estate planning. This information helps determine how your home should be addressed in your will and can have significant implications for your beneficiaries.

The way you own or occupy your home affects how it can be distributed in your will. It also impacts the overall value of your estate and may influence inheritance tax considerations. This question aims to clarify your living situation and property ownership status.

Owned outright

Owned with a mortgage

Shared Ownership (e.g. a housing association)

Subject to Equity Release

Rented

Care Home or Assisted Living

Other

Please provide further details

Can you value the property?

Can you value your share?

Other Property

Apart from your main residence, do you own any other properties, such as holiday homes, rental properties, or land?

This question aims to identify any additional properties you own beyond your primary residence. Owning multiple properties can significantly impact your estate planning and the distribution of your assets.

Additional properties, whether holiday homes, buy-to-let investments, or inherited properties, are important to your overall estate. These assets must be accounted for in your will to ensure they are distributed according to your wishes.

If you own properties abroad, mentioning these is crucial, as they may be subject to different inheritance laws in those countries. We may suggest separate wills for properties in different jurisdictions.

Yes

Other Properties (Do not include the home you live in)

Property Address	Approximate value of this property (or your share)	Actions

There are no Properties.

Maximum number of properties reached.

Other Assets

Do you own any assets located outside the UK, excluding any foreign property you've already mentioned?

This question seeks to identify any assets you own outside of the United Kingdom, excluding foreign property, which was addressed in the previous question. Foreign assets can add complexity to your estate planning and may require special consideration in your will.

Foreign assets can include a wide range of items, from bank accounts and investments to personal possessions kept abroad. Identifying these assets is crucial for ensuring they are properly accounted for in your will and can be accessed and distributed according to your wishes after your death.

Yes

These could include foreign bank accounts, investments, or valuable personal items kept overseas.

Please list your foreign assets

Do you hold any Premium Bonds or other savings products with National Savings and Investments (NS&I)?

This question aims to identify whether you own any National Savings and Investments (NS&I) products, particularly Premium Bonds. NS&I is a state-owned savings bank in the UK that offers various savings and investment products backed by HM Treasury.

If you own NS&I products, include details below such as your NS&I number and the types of products you hold. This information will help your executors locate and manage these assets as part of your estate. You will need to select "Yes" to enter the details.

Yes

Please provide details

Do you own any financial investments such as company stocks, shares, government or corporate bonds, or loan notes?

Stocks, shares, bonds, and loan notes are different financial products representing ownership in companies or debt owed to you. Including these in your will ensures that these potentially valuable assets are distributed according to your wishes after your death.

It is important to keep records of these investments, including any relevant account numbers or share certificates, in a safe place known to your executors. This will make it easier for them to locate and manage these assets when the time comes.

Yes

Please list these and their current estimated values.

Do you have any savings accounts or ISAs with banks, building societies, or other financial institutions?

Savings accounts and ISAs are common ways to save money in the UK. ISAs offer tax-free savings or investments up to a specific annual limit. Including these accounts in your estate planning ensures that these funds are distributed according to your wishes after your death. ISAs lose their tax-free status upon death, except in cases where they're inherited by a spouse or civil partner.

Yes

Please list the accounts and their current values.

Do you own any valuable personal possessions or collectibles, such as artwork, jewellery, watches, antiques, or other items of significant monetary or sentimental value?

This question addresses personal possessions of significant monetary or sentimental value, often referred to as chattels.

Chattels include tangible, movable personal property. While some may have substantial financial value, others might hold great sentimental importance to you or your loved ones. Identifying these items in your will can help prevent disputes among beneficiaries and ensure that specific items go to the people you intend.

Yes

Consider including Artwork (paintings, sculptures, prints), Jewellery (including both precious and costume jewellery), Watches (especially high-end or collectable timepieces), Antique furniture or decorative items Collectables (stamps, coins, memorabilia). Musical instruments, Valuable books or manuscripts, Fine china, crystal, or silverware, Designer clothing or accessories,Valuable electronics or gadgets.

Please list each item and its estimated value.

Transportation

Do you own any cars or vans?

Yes

What is estimated total value of these cars and/or vans?

Do you own any camper vans or motorhomes?

Yes

What is estimated total value of these camper vans and/or motorhomes?

Do you own any motorcycles or mopeds?

Yes

What is estimated total value of these motorcycles and/or mopeds?

Do you own any bicycles or e-bikes?

Yes

What is estimated total value of these bicycles and/or e-bikes?

Total value:

Business Ownership

Do you own one or more businesses?

This question addresses business ownership, which can be a significant and complex part of your estate. Understanding your business interests is crucial for comprehensive estate planning.

Yes

This could be as a sole trader, a partnership or a private limited company.

Can you indicate your share of the business(es) overall?

I own all - 100%

I own 75%

I own 50%

I own 25%

Other

What would you value your share of the business(es) at?

Please list the business(es)

Life Policies

Do you have any active life insurance policies that will provide a payout in the event of your death?

This question aims to identify any life insurance policies you have that will pay out a sum of money in the event of your death. These policies can significantly impact your estate planning and the financial security of your beneficiaries.

Some policies may already have named beneficiaries. These will typically be paid directly to the beneficiaries and won't form part of your estate.

Yes

Do you know if these are held in trust?

Policies written in trust are usually managed separately from your estate. They may not be subject to inheritance tax. We can arrange this for you.

Yes

I'm not sure

Do you know the total payable?

Lasting Power of Attorney

A Lasting Power of Attorney (LPA) is a crucial legal document that allows you to plan for your future in case you become unable to make decisions for yourself. Understanding what an LPA is and how it works is essential for effective estate planning and ensuring your wishes are respected if you lose mental capacity.

Are you familiar with the concept of a Lasting Power of Attorney (LPA) and its role in planning for potential future incapacity?

An LPA is a legal document that allows you (the 'donor') to appoint one or more people (known as 'attorneys') to make decisions on your behalf if you become unable to do so yourself

Yes

Do you have an active LPA in place?

Yes

Is this for:

Property & Finance

Property and financial affairs LPA: Covers decisions about managing bank accounts, paying bills, and selling property

Health and Well-being

Health and welfare LPA: Covers decisions about medical care, daily routines, and life-sustaining treatment.

Both of the above

Would you like us to set up an LPA to cover all situations?

Yes

Would you like us to set up a Property & Finance LPA?

Property and financial affairs LPA: Covers decisions about managing bank accounts, paying bills, and selling property.

Yes

Would you like us to set up a Health & Well-being LPA?

Health and welfare LPA: Covers decisions about medical care, daily routines, and life-sustaining treatment.

Yes

Attorneys

In summary, an attorney is a trusted individual appointed by someone to make decisions on their behalf, either immediately or in the future if they lose mental capacity, with specific legal responsibilities and limitations defined by the type of LPA.