Why complete a will?
1
Clarity and Direction
A Will serves as a roadmap for distributing your assets and belongings in accordance to your wishes after you pass away. Without a Will, state laws (intestacy laws) will dictate how your estate is divided, which may not align with your intentions.
2
Protecting your loved ones
A Will allows for you to provide for your family and loved ones, ensuring they are taken care of financially. From appointing guardians for your children under the age of 18 to provisions for elderly parents or disabled dependents or protecting your unmarried partner ensuring you do not leave them homeless, a Will offers peace of mind by safeguarding their future.
3
Minimising Family Disputes
Clear instructions within a Will can help prevent disagreements and conflicts among family members regarding asset distribution. By clearly outlining your wishes, you can mitigate the potential for disputes and legal battles among heirs.
What can happen if you do not have a will in place?
You could leave your unmarried partner homeless
The courts may select guardians for your children that you would not have wanted
Your loved ones may have to pay unnecessary bills
Your estate may go to people you would not have chosen
Your dependants may be left without any protection for their care needs
Others may bring a claim against your estate, creating problems for your loved ones
Why should I set up a Lasting Power of attorney?
It is totally understandable, why you might be hesitant about setting up a lasting power of attorney (LPA), but let me tell you, it's actually a really important and beneficial thing to do. Here's why you should consider it:
Peace of mind
Having an LPA in place gives you peace of mind knowing that your wishes will be respected and your affairs will be taken care of if you're unable to make decisions yourself.
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It's like having a safety net that ensures your best interests are protected.
Control and Autonomy
By setting up an LPA, you get to choose who will make decisions on your behalf.
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You can select someone you trust implicitly, someone who knows you well and understands your values and preferences.
Avoiding potential disputes
Without an LPA, your loved ones may face difficulties and legal complexities when trying to make decisions on your behalf.
By setting up an LPA, you can help prevent any potential disagreements or disputes among family members or friends.
Future Proofing
Life is unpredictable, and unexpected events can happen. Having an LPA in place prepares you for any situation where you may need assistance.
It's a proactive step towards safeguarding your future and ensuring that your wishes are respected.
If you’d like more information about our services, get in touch today.