As solicitors one of the statistics that staggers us the most is that around 54% of UK adults don’t have a Will. Even more worryingly, this statistic includes 60% of UK parents!
In fairness, the idea of planning out what will happen to your belongings and family in the event of your death probably isn’t high on many people’s priority lists. No-one wants to think about death, it’s morbid, but the consequences of dying intestate (without a Will) can be equally as off-putting. The same could be said for finding yourself mentally or physically incapacitated without a Lasting Power of Attorney in place.
Wills and Lasting Power of Attorney (LPA) exist to ensure that, should the worst happen to you, your wishes are followed. Having Lasting Power of Attorney documents allows you to name a person that you trust to look after your finances and medical decisions should you find yourself unable to make those decisions yourself. This means that should you find yourself in an accident or suddenly gravely ill, your family can continue to pay their bills and can make decisions about your care. Without an LPA an already stressful and upsetting situation could be magnified further by worries about finances or decisions about your care being made by people who may not have your best interests at heart.
For parents, having a Will in place allows you to specify who would have guardianship of your children if you were to die before they reached 18 years old. It is the only way that you can ensure that they will be looked after by people you trust. It also allows you to decide how your children and step-children will receive any of your assets and enables you to leave your assets to your partner if you are unmarried. Frankly, the idea of leaving children with no provision for their care and futures and a partner potentially penniless and homeless is far worse than considering that one day we will all eventually die.
If you don’t yet have a Will or Lasting Power of Attorney in place, you may want to take a look at our latest special offer. If you book to have your Will and LPA written at the same time before 30th June 2020, we’ll give you a 20% discount off the cost of your LPA bill. Contact us today to ensure that your final wishes are protected.
We offer legal advice for all your Wills and Trusts needs. If you would like to contact us or book a consultation with a member of our team please fill in the ‘Make an Enquiry’ form or call us on: 01795 472291 or email firstname.lastname@example.org for a no obligation discussion and let us resolve your legal issue.