A trust is a relationship whereby property is held by one party for the benefit of another. A trust is created by a settlor, who transfers property to a trustee. The trustee holds that property for the trust's beneficiaries.
A funeral plan is a way of paying for a future funeral today. It is not an investment plan as you are effectively paying for a service in advance rather than seeking to earn a return on your investment.
Making a Will allows you to decide what happens to your money, property and possessions after your death. It allows you to nominate the people you trust to deal with the affair and reduce any unecessary costs associated with the process.
Lasting Power of Attorney
A Lasting Power of Attorney(LPA) is used to meet the needs of those who can see a time ahead when they will not be able to look after their own personal and financial affairs.