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An up-to-date will written by a solicitor is the best way to ensure your wishes will be respected. It allows you to provide for your family and friends and leave a gift to your chosen charities too. It is also a chance to think about updating your will if you have not done so in a while.
Whilst many of us don’t like to think about what happens in later life, having a will ensures your loved ones are looked after in the event of your death. It is a common misconception that property and other assets are instantly passed to spouses or family, but, without a will, this is not necessarily the case.
You might also want to consider your wishes for later life if you become ill and are unable to take care of yourself financially. Again, it is a common misconception that partners or family can act on your behalf – but in the eyes of the law they cannot. You need a Lasting Power of Attorney (LPA), a document that nominates someone who can take control of your finances in the event that you are unable to do so yourself. A Lasting Power of Attorney document can also outline any wishes relating to treatment or medical care, so that your family can act on your behalf.
Having a will, and indeed and Lasting Power of Attorney, simply exist for peace of mind. It is important that you regularly review your will, as well as seek professional legal advice before nominating an attorney to act as your LPA.
The Private Client team at Downs Solicitors can help you with a number of matters relating to your will or Lasting Power of Attorney, contact us for more information.