As solicitors, we always advise our clients to ensure that they have a number of up-to-date documents filed away just in case things go wrong. While none of us ever want to brood on the idea that something bad or unfortunate might happen, it’s important to make sure that if something does go wrong our we, our loved ones, and our business partners are protected and treated fairly.
Our list of documents isn’t endless, they can easily fit in a folder in a drawer, but they are vital as they could save you and anyone you may leave behind thousands (if not millions) of pounds of legal costs. Essentially, they are your insurance that your loved ones and business partners don’t have to spend too much time with us in the future. So, what’s the essential list that ensures that is things go wrong, you can avoid them getting far worse?
- Lasting Powers of Attorney
- Terms and Conditions (if you are a business owner)
- Shareholder Agreements
- Employment Documents
We understand that many people will read this, weigh up the cost, and decide that the initial cost it too much, however, having the correct documents in place costs less than you think. Additionally, when you compare the initial costs to the expense of a protracted litigation battle, the savings make having your document folder up-to-date a simple decision.
It’s also always advisable to regularly review your documents, situations change, people move on or pass away, which can leave you, your dependents, or business partners in bother should anything happen.
If you would like to sit down with one of our team to discuss how we can help the people you leave behind spend less time with us, please get in touch to book an appointment.