Do you care who inherits your estate? Arranging your Will will ensure your wishes are made clear.
A Will is a legal document that allows you to state what should happen to your assets when you die. Without a Will, there is no guarantee that your wishes will be carried out, or that your estate will go to those intended. In spite of this, according to your money, an estimated 60 per cent of UK adults don’t have one in place.
PEACE OF MIND
Whatever your circumstances, it’s important to make arrangements for the future. Preparing a Will can give you and your family peace of mind. A Will is relatively straightforward to arrange and can make a difficult and emotional time that bit easier for your family.
Another important part of planning for later life is setting up a Lasting Power of Attorney (LPA). An LPA allows you to appoint the people you trust the most to make important decisions on your behalf when you are no longer willing or able to. Without an LPA, your loved ones must apply to the Court of Protection for permission to manage your affairs, which can be a lengthy and costly process.
There are two types of LPA: property & financial affairs and health & welfare. The first covers your finances, such as dealing with bank/utility providers. The second covers choices about your medical treatment and care.
To arrange your Will and/or Lasting Powers of Attorney call our specialist team today on freephone 0808 208 5411 or download RT’s free guide to estate planning.
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These pages give a general overview of the issues surrounding estate planning and are based on our understanding of the current law and tax regulation in England and Wales, which may be subject to change.