Professional expert guidance in personal and business legal matters
WILLS AND POWER OF ATTORNEYS
Our friendly expert team are here to advise on you on a range of legal personal and business services, including the creation of wills and power of attorney.
WILLS
REASONS TO MAKE A WILL
- A will allows you to clearly state how your estate should be distributed after your death. Without one, your estate could be subject to intestacy rules and may not be dealt with in the way you intended.
- A will allows you to choose your own executors. If you die without one, your closest relatives will need to apply for ‘letters of administration’.
- A will allows you to appoint guardians to look after your children, if under the age of 18, until they come of age, and make financial arrangements for their benefit.
- A will allows you to make specific bequests to individuals, ranging from items of jewellery to monetary gifts.
- If you have remarried, a will can ensure any children from your first marriage receive a share of your estate.
WHAT COULD HAPPEN IF I DON’T MAKE A WILL?
- Unmarried partners may not benefit from your estate, unless you have made a will in their favour. If your estate is divided according to the intestacy rules, your spouse or civil partner may not receive as much as you would have hoped.
- If you die without leaving a will and have no spouse or children, your parents or siblings may inherit your estate, even if you would prefer it to go elsewhere.
- The absence of a will could result in damaging family disputes.
- Without a will, your family could face a larger inheritance tax bill than necessary as a will plays an important part in the tax-planning process.
- Please contact our expert legal team today for further information and advice on creating a will for yourself.
POWER OF ATTORNEYS
Did you know that if you are unable to make decisions for yourself, due to illness, injury or other factors, no-one can make them on your behalf, unless you have given them legal powers to do so?
A Power of Attorney is a written legal document giving an appointed person (your Attorney) the power to take actions or make decisions on your behalf (the granter), and can cover decisions regarding your financial affairs, including managing your bank account, and your welfare, such as where you will live. By appointing Power of Attorney, you will protect yourself and those closest to you. Therefore, we encourage you to approach this important matter with your loved ones, as the first step to giving Power of Attorney to someone you trust.
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