Rob from Temple Heelis on Wills, Trusts and Planning for the Future
We had a strong turnout this week with 20 members and 1 guest in attendance. Eight referrals were passed, and we recorded over £3,000 in business generated from previous connections — a great reflection of the group’s continued collaboration and support.
Our main presentation came from Rob, a partner at Temple Heelis, who shared valuable insight into the practical and legal importance of wills and lasting powers of attorney. Rob highlighted real-life examples — including Princess Diana, Liam Payne, and George Michael — to illustrate how effective planning (or the lack of it) can have a lasting impact on families, estates, and business interests.
Key takeaways from Rob’s talk included:
- Wills are essential, regardless of the size of your estate. They allow you to control where your assets go and who manages them.
- Trusts can be used to delay inheritance until beneficiaries are older or to provide ongoing support while protecting future intentions.
- Lack of a will can result in unintended outcomes, such as assets passing to estranged relatives or significant inheritance tax liabilities.
- Lasting Powers of Attorney (LPAs) are equally important. These allow trusted individuals to make decisions on your behalf if you’re unable to due to illness or accident — covering both finances and health.
- Rob echoed advice from financial expert Martin Lewis: LPAs aren’t just for the elderly — anyone can benefit from having one in place early.
- For business owners, succession and tax planning through wills and LPAs is especially important, as upcoming changes to inheritance tax rules could affect how business assets are treated.
Rob closed by encouraging everyone to review their wills and powers of attorney every five years, or whenever there is a significant life change — such as marriage, divorce, or the birth of children or grandchildren.
If you’d like to speak to Rob or the team at Temple Heelis about putting plans in place, they’re always happy to help.