A Will is perhaps the most important document you will execute.
Having the right components in your Will brings peace of mind ensuring that loved ones are provided for in the manner you want.
You may also wish to consider tax issues and whether any other lifetime planning is appropriate for your circumstances.
Lasting Power of Attorney
This is a critical document to prepare. It ensures that a chosen representative is there to deal with your legal, financial and health affairs n the proper manner if you became incapable of dealing with them yourself, either mentally or physically.
Frequently Asked Questions
If you die without making a will, it is left to the law to determine who inherits your property and who will administer your estate. This may not be how you would prefer the situation and may have unwanted consequences.
You may wish to appoint your own chosen trustees for your estate. Off the shelf wills are readily available elsewhere but rarely provide for more than the simplest estate devolution. A bespoke Will, tailored to meet your exact requirements is an important consideration to bring peace of mind for the correct disbursement of your estate after your death.
It is important that you review your Will every few years to ensure that it keeps pace with changes in the law and your personal circumstances.
If you leave this until you become incapable of making your own decisions, the process through the Court of Protection is far more complex and expensive. It will involve a report to be provided by a doctor and the court may appoint a deputy to act for you.