About Co-op Estate Planning

Take control to protect yourself and your family and get peace of mind with our partner Co-op's legal, estate and life planning services.

Co-op are specialists in legal, estate and life planning. Their Estate Planners can advise you on a range of matters from simple Wills to funeral plans and complex Inheritance Tax planning. This can be done in the comfort of your own home anywhere in England or Wales, and there’s no obligation on you to take out any services. Co-op believe they need to truly get to know you and understand your needs, plans and wishes before finding the solution that’s right for you. They work closely with you to find the best way to safeguard the future for you and your family. As a recognised expert in estate planning, Co-op are regularly invited to speak to community and charitable groups nationwide. Each year they provide thousands of people with guidance on a range of legal, inheritance and later life planning matters.

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To find out more, simply make an appointment at local Newcastle Building Society branch.

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Wills

If you die without a valid Will, the law will decide who inherits everything you own. If you want to make sure your assets go to those you care about it’s important to make a Will. There are lots of things to consider when making a Will; how can you make sure your home is protected for your children while also ensuring your partner can live out their days there? If a loved one is unable to manage their finances, how can you provide for them after you’ve gone? What happens if a beneficiary is under 18? What happens if you and your partner die together? We can guide you through the process so you get a comprehensive Will that is tailored to your specific needs, covering all eventualities.

Trusts

Trusts can be used within a Will to provide protection for your home and savings. Issues such as care fees, Inheritance Tax and the breakdown of relationships within a family can all have a big impact on the inheritance you plan to leave. Including a Trust in your Will can provide protection and flexibility. In some circumstances, setting a trust up within your lifetime is the most appropriate solution. We’ll make recommendations after a review of your circumstances and objectives.

Inheritance Tax Planning

With careful tax planning you can make the most of tax allowances so that your Estate doesn’t pay over the odds when the time comes. This money can then be passed on to your loved ones instead.

Lasting Powers of Attorney

A Lasting Power of Attorney (LPA) allows you to appoint someone you trust to make decisions about your health, welfare or finances if you become unable to. Did you know that mental incapacity can affect people of all ages? Without an LPA no one can manage your finances or make decisions about your medical care on your behalf without a court order, not even your spouse. With an LPA your loved ones can take care of your financial affairs and make crucial decisions for you, such as where you should live and whether doctors should resuscitate if the need arises. 

Funeral Plans

A pre-paid funeral plan allows you to plan and pay for your funeral in advance, protecting your loved ones against unexpected costs and uncertainty about your final wishes. It is an effective way of reducing the stress and expense for your loved ones at a time of grief. All Co-op funeral plans are fully guaranteed† , meaning we promise to cover the full cost of the services included in your plan so your loved ones will have nothing extra to pay for them.

With the average cost of funerals increasing, pre-paid funeral plans can help to avoid spiralling costs in the future. If you choose to pay for a funeral plan in instalments over 2–25 years, your plan will include our Co-op Commitment.‡ This means that if you were to die after the first 12 months of your plan start date, but before all your instalments have been paid, Co-op will still deliver all the services provided in your plan, with no more for your family to pay. This is something no other funeral plan provider offers and it’s part of what sets us apart.

Probate & Estate Administration

Dealing with someone’s estate after they have died involves a lot of complex legal, tax and administrative work. If any mistakes are made along the way, then the person carrying out the work can be held personally liable for these. With our Probate and Estate Administration service, we can take full responsibility for completing this work on your behalf. We will liaise with HM Revenue & Customs, deal with the sale or transfer of any shares or property, locate hidden assets, contact all beneficiaries and distribute the estate in line with the Will (if there is one) and inheritance laws