Wills and Power of Attorney

Have you sorted out your Will?

It is a fact that whilst most people are full of good intentions when it comes to their families and management of their personal affairs, very few get everything in order while they are still relatively young and fit. They don’t plan ahead.

It is surprisingly easy to plan ahead for all eventualities and there are a number of options available.

It is a common misconception that wills are only for the elderly, infirm and the wealthy, borne out by the fact that only 30% of us have made a will, and of those who have a large proportion do not change it when their circumstances change. This could mean that it is no longer tax effective and may even be invalidated as a result.

We can help you pass your wealth on to your loved ones with as little as possible to the taxman.

If you are concerned about what might happen to you if you were to become very ill or unable to communicate your wishes to anyone then you may consider a living will.  This is an advance declaration of your wishes on medical treatments which you could be given in the future.

There may also be circumstances in which you need to manage some or all of a loved ones affairs, maybe on a temporary or long term basis. You may want to grant a power of attorney to someone else to manage your affairs in certain situations. A power of attorney offers a great deal of flexibility to suit all needs.

However, the law has recently changed and we have now seen the introduction of Lasting Powers of Attorney which have replaced Enduring Powers. Procedures and paperwork differ considerably and are far more onerous, and this is reflected in the fee that we are now having to charge.

Whether you are a private individual, company director, property portfolio owner or shareholder, we can offer a broad range of friendly, professional advice tailored to meet your requirements.