Will Writing and LPA's
A will is a legal document you create that sets out instructions for who will inherit your estate and what should happen after you die.
Creating a will safeguards your family's future and ensures your wishes are honoured, bringing peace of mind.
Creating a Will
A Will is your personal blueprint for the future, a powerful document that ensures your legacy is honoured and your wishes are fulfilled. It meticulously outlines who will inherit your estate and how your affairs will be handled after your passing.
From the type of farewell you envision to the thoughtful distribution of your cherished belongings, and even the guardianship of your children, if you have them, every detail is captured. Often referred to as your last Will, this document holds legal weight, but remember, its validity hinges on proper preparation.
Why create a Will?
Approximately 60% of people in the UK either don’t have a Will, or have one that’s out of date.
Without a legally binding Will, your estate may be distributed by the court according to intestacy rules, potentially disregarding your wishes.
Draft a Will to appoint a guardian for your children.
Ensure financial security for your children.
Provide for all dependents, including step-children.
Prevent potential family disputes.
Protect your family home.
Decide who you would like to settle your affairs
Safeguard your partner’s future if you are unmarried.
Establish a legal Will if you have recently married.
Minimise unnecessary inheritance tax liabilities.
Designate who will look after your pets.
Update beneficiaries for trusts, pensions, or insurance policies.
Secure your digital assets.
Consider supporting a charity.
Reflect on the distribution of family heirlooms.
These are just some of the reasons you should consider writing a Will.
We can guide you on all the legal requirements, tax implications, and state laws, ensuring your Will accurately represents your intentions and provides clear asset distribution instructions, helping secure your legacy whilst providing peace of mind.
LPA's
Firstly, what is an LPA?
An LPA, or Lasting Power of Attorney, is a formal legal process that allows you to designate a trusted individual to make decisions on your behalf should you become unable to do so. You have the option to appoint one or more individuals, referred to as attorneys, who will be responsible for making critical decisions regarding your medical care or financial matters.
There are two LPA’s which can be made:
Health and Welfare, this can cover where you should live, medical care, social activities etc.
Finance and Property, this includes buying and selling property, paying bills, investing money.
It is recommended to have both in place.
Why you should have an LPA
It can help to make decisions when you aren’t able
Once an LPA is registered, it allows attorneys to make decisions for you if you’re unable to. This is vital for unexpected situations like illness or injury. An LPA can be activated immediately or only when you’re incapacitated, offering flexibility for various scenarios. If you still have capacity, your consent is needed.
Flexible and tailored for you
Crafting an LPA is a personal journey. It lets you choose your attorneys, define their decision-making scope, and set execution parameters. You can appoint your children or a trusted confidant and dictate their decision-making process. Our legal experts guide you, ensuring you understand your options and make informed decisions for your future.
Fast and helpful support for your loved ones
Empower your family with a LPA. giving your loved ones authority to manage your affairs without stress.
We can can help set up a LPA, ensuring it meets legal standards and suits your needs. We advise on types of LPAs, like those for health or finances, ensuring your wishes are followed. An LPA avoids lengthy court processes,
Cost effective
By securing a LPA, you can avoid the hassle and expense associated with Court of Protection applications, which often involve complex legal procedures and significant costs.
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