Preparing your affairs and ensuring you have the right legal documents in place for when you die or become unable to make decisions can be something that is difficult to deal with. However it is important to ensure that, should something happen to you, your family is protected and supported and you can receive the care that you need without distress and uncertainty.
A Will sets out how you wish to distribute your assets when you die, any other wishes you may have such as your funeral arrangements, and who your executors will be – those tasked with carrying out your instructions.
What do I need to consider?
- Who you want to act as your Executor (usually two people);
- Any funeral wishes;
- What assets you have;
- If you want to leave any specific items to someone e.g. jewellery;
- If you want to leave a cash gift e.g. to a grandchild or a charity;
- If you want to leave a gift to someone under 18, at what age would you like them to receive the gift;
- If you have any young children, who you want their guardian to be;
- Who you want the remainder of your estate to go to;
- If there is anyone you have chosen not to include in your Will, who might reasonably expect to be included.
Lasting Power of Attorney allows you to grant authority to someone else so that they can make decisions about your financial affairs or health and welfare if, at some point in the future, you become unable to make those decisions for yourself.
When you meet with us, we explain how these two types of documents work and advise on how best to set out your wishes so that what you want to happen does happen when the time comes.