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Making Will, PoA and Trust?
Comments
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Thanks for the clarification, as a widower you certainly don’t need to worry about IHT.
With only one attorney, your previous PoA ceased to be on your wife’s death. Sorry I did not realise you were in Scotland where wills and POA are somewhat more complex than in England and Wales.
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If in Scotland, definitely see a 'proper' solicitor, but do not let them talk you into making themselves executors. However, point your sons towards this board, particularly threads on DIY Confirmation, where the most excellent buddy9 will guide them through any problems they may encounter.
A Family Protection Trust would almost always have been a really bad idea. Had your wife still been alive, then the kind of trust which protected the value of your home against a future re-marriage by either survivor of the marriage might have been sensible. Someone whose brain is less addled than mine will say what kind of trust that is.
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