Safeguarding your assets and families future
In addition to a Will protecting your assets for your family once you have gone, you may wish to consider a Lasting Power of Attorney and the benefits this can bring you.
In the event of a life altering circumstance, having a Lasting Power of Attorney can provide you with support from the persons you have chosen and trust.
Please do get in touch if you would like to discuss the benefits of making a Will or a Lasting Power of Attorney.
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Why Should I Make A Will?
Understanding the Impact of Making a Will
1.1
Making a Will is not just about leaving money or belongings to those you choose, it is also hugely significant if you have children, step-children or if you are cohabiting with someone rather than getting married.
If you die without a Will (known as intestacy) and you are not married to your partner, they will not inherit from you and your estate will go to your next blood relative. This can have huge financial implications for your partner and you can completely avoid this by just by making a Will.
In addition, your Will can identify who you want to act as Legal Guardian to your children in the event both you and your spouse die. This means that your children can avoid the possibility of being placed in care whilst they wait for a judge to decide who they will live with.
Putting all of these things aside, your Will puts in place your choices of who inherits and who deals with your estate.
Lasting Power of Attorney
Understanding Lasting Power of Attorney (LPA) Options
1.2
There may be times in your life where you may need some extra help with managing your affairs. A Lasting Power of Attorney, also known as an LPA provides the legal authority to the persons you have chosen, to deal with matters on your behalf. When you no longer wish to or are unable to manage yourself.
There are two types of LPAs – the first one is 'property and financial affairs' and the second is 'health and welfare'. You can choose to put one or both in place and they apply at different points.
We can talk to you in detail about your requirements to put in place an LPA.
Court of Protection
Understanding the Court of Protection's Role
1.3
The Court of Protection is there to make decisions on behalf of people who lack the capacity to do so themselves and where there is no LPA in place.
The Court of Protection has the power to appoint a ‘Deputy’ who will make decisions on behalf of the person who lacks capacity.
This is often more expensive and stressful and, therefore, it is important to consider making an LPA before it is too late.
If there is no LPA in place and a Deputy needs to be appointed, we would be happy to provide guidance and assistance on making a Deputyship application.
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Expert Legal Guidance for Your Will, Lasting Powers of Attorney or Court of Protection Application
We can help and assist with any aspects of Wills, Lasting Powers of Attorney or the Court of Protection. Call us on 01264 353411, email us at wills@bsandi.co.uk or complete our online enquiry form.