A large number of adults in the UK still haven’t written a will. However, the common belief that if you don’t make a will your estate will automatically pass to your spouse is a fallacy. The estate will be divided according to a set of rules laid down by the Government and this could lead to the family home having to be sold to raise other claimants’ share of the pot.
Good estate planning can save your family and heirs a great deal of stress and anxiety at a time when they can perhaps least cope with it. We strongly recommend that you take time to evaluate your estate and to make provision for its disposal upon your death. We are happy to help you with this process, and can show you how to use trusts to secure your assets for the benefit of your heirs.
A Lasting Power of Attorney allows you to appoint someone to manage your affairs in the event of you becoming unable to do so. This document doesn’t mean you immediately lose control of your estate – you can determine when and how it can be used. In most circumstances we would recommend that you set one up whilst you are fit and well – if you wait until it is needed, it could be too late.
We work closely with many legal professionals in this area. Please contact us for a free initial consultation to discuss making a will.