Have you made your Will and Lasting Powers of Attorney?
Why Make a Will?
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According to a recent studies, nearly two thirds of UK adults have not drawn up a Will.
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This means that their possessions, money, property and even dependent children could be left with someone they have not chosen.
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A Will allows you to choose who you want to benefit from your money if you die.
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It allows you to protect your property to ensure it passes to the right people.
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Ensure your children are looked after by those you choose rather than those chosen by the Court.
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Limit claims against your estate - be clear on who you do and do not want to inherit - current research suggests that more than 12.6 million people would seek to challenge the estate of a loved one - everyone has the right to choose how their estate should be distributed.
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Inform your loved ones of your funeral wishes.
Why make a Lasting Power of Attorney?
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Whilst a Will deals with your affairs when you die, a Lasting Power of Attorney (LPA) deals with your affairs whilst you are still alive but incapable of handling these for yourself.
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Incapacity might be temporary or permanent.
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There are two types of LPA:
1. Property and Finances; and
2. Health and Welfare
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We are living longer and sometimes in poor health - it is likely we will need some form of care in later life.
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Your next of kin has no power to act on your behalf unless they are appointed as your Attorney.
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Choose who you want to make decisions for you in the event of an accident or illness.
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Confirm your wishes regarding life sustaining treatment.
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Avoid a costly and time consuming Court process.
Get in touch today and talk through your requirements with a trained professional. We can offer either a face to face or remote service depending on your needs and requirements.