MAKE A WILL and Make a Lasting Power of Attorney
Thinking about, talking about and planning for death may make most of us uncomfortable but we need to consider how much worse the situation would be if we die – or became incapacitated through illness, accident or old age – without having created the appropriate legal documents.
Making Provision For Mental Capacity
No-one likes to think about getting older and the uncertainties and indignities that it may bring in terms of our health. We would all hope to escape the need to go into residential care whether this might be due to physical incapacity, mental incapacity or sadly, both.
Recent data anticipates that nearly 50% of us will suffer from Dementia and/or Alzheimer’s disease by the time we are in our mid 80’s. Whilst living longer is a cause for celebration, with it comes the unfortunate increased chance of losing our capacity.
Making a Lasting Power of Attorney allows you to choose the people you want to help you make decisions – or make decisions for you – in respect of your property, your finances, your health and your care.
Making Provisions for Your Estate on Death
No-one likes to think about death – but all data has shown that 100% of us will die! Death is a fact of life; a necessary consequence.
There are many and varied reasons why people who should make a Will put off this important task until, sadly, its too late. A recent survey has shown that over 40% of adults have not made a Will. If you die without making a Will (intestate), in addition to the inevitable grief that is wrought by the death of a loved one, it can be the cause of a financial nightmare for the people you care about. It can also leave your affairs in limbo for many years and end up costing your estate many thousands of pounds – money that could have gone to people you would have wanted to have inherited it.
Here at Peace Legal Solicitors we have the experience and knowledge to guide you through the provisions that you want and need to put in your Will. We can discuss with you the benefits of putting a Trust within your Will to protect assets from a subsequent marriage or from possible future care funding. We can help you to create a Lasting Power of Attorney to give you protection and peace of mind when the future is uncertain.