Later life planning, Trusts - anyone with experience with them bad or good?

[Vibing]

Im looking into managing things for after i'm gone..

I always swore I wouldnt leave my affairs for someone else to sort out. Ive been there and done that and dont want my kids to have to do that.

Sons are grown. I don't have savings. But I do have my house and they'll be a pension (unsure it'll be upto much in todays climate lol).

I may not pass until im 100 + but I work in healthcare and in peoples passing as part of my role. I know how quickly, life can be cut short.

So Ive fallen down the rabbit hole of wills, estate planning and trusts.

I like the idea of starting a trust and ive researched and Im getting an understanding of charges and management.

If the humble things I've built up can benefit the next couple of generations or more. That would be amazing. I'm looking into life insurance to add to the pot and I'm umming and ahhing if its worth investing in life insurance. Id probably outlive the term. The whole life insurnace, I've been told is triple to quadruple the cost of general day to day insurance. It might be better investing the money I would spend on the insurance.

As you work in healthcare can you confirm if you work in the NHS? Many other organisations provide Life Assurance, or a 'Death in Service" payment as part of their employee package.

Unless you have millions and a complicated Estate, trusts are an expensive waste of time.
You can pass on £500k to your Sons without IHT being due. You’ll either pass on your home or sell it for care costs.
Giving your Sons financial Power of Attorney is one of the wisest things you can do, alongside making a will. A folder with bank accounts/ pension details etc. to make it easy for them should you lose capacity or die.

What are the costs on say a 2-5 mill estate? What’s the minimum estate amount suggested for trusts?