Wills & Lasting Power of Attorney

Wills & Lasting Power of Attorney

Did you know that over 60% of the UK adult population still don’t have a valid Will? This means that 2 out of 3 people are potentially at the risk of not having a valid Will when they die. In such instance they will have no control over distribution of their assets, instead the government decides how money, possessions and property are distributed. Therefore, family and loved ones may not be looked after, leaving them with what may be unnecessary problems at a time where they are least able to deal with them. We have created a quick and easy Will writing service to ensure that this no longer happens, our team are committed to providing you with only clear advice in plain English, free from jargon.

Writing a Will ensures your family’s future is secured. Our mission is to provide quick and easy will writing services and to make the process as stress-free, easy and affordable as possible. All of our Wills are checked by a qualified Solicitor. Unlike many other online Will writing services, we are regulated and bound to act in the best interest of our clients.

Our legal experts have a wealth of experience, they will guide you through the process and will ensure your wishes regarding your assets are upheld in the correct manner. Click here to enquire about our Will writing services, or give our team a call on 0800 288 9947

Without a valid Will…

You may create an unnecessary inheritance tax bill for your beneficiaries.

Your unmarried partner could get nothing and lose the home you occupy together.

Your estate may go to people you would not have chosen.

The Courts will choose guardians for your children.

Your business may be divided up, sold or given to someone you would not choose.

Dependents needing care may lose your financial support, regardless of your intentions.

Others may claim on your estate causing unnecessary expenses, family disputes and delays with distribution of assets.

Your pet may be left without a guardian.

 

Your Will is one of the most important legal documents you will make in life. Using My Law Matters is an easy way of ensuring your wishes are carried out and that your possessions are passed on as you wish, whether your affairs are simple or complicated.

If you are unable to manage your own affairs, an LPA appoints someone of your choice to do it for you. Your appointed Attorney must always act in your best interest.
There are 2 types of LPA:
A Property and Financial affairs LPA enables your chosen Attorney to handle your bank accounts, investments, bills and property.
A Health and Welfare LPA enables your Attorney to make decisions about your health and welfare.

 

How an LPA works ?

Mrs Jones Suffers with an unexpected injury resulting in a loss of mental capacity

Without an LPA

Mrs. Jones’s family doesn’t have the legal right to make decisions for her.

  • Sole bank accounts cannot be accessed.
  • Joint bank accounts are frozen in some circumstances.
  • Bills cannot be paid with Mrs. Jones’s money.
  • Property cannot be sold, meaning co-habiting partner can’t move house if they wanted to.
  • Next of kin doesn’t have legal right to make decisions about her medical treatment.
  • Next of kin doesn’t have legal right to move personal choices, for example where Mrs Jones should live.

If you don’t plan ahead and you suffer an accident or illness which causes you to loose mental capacity. Your next of kin can only get legal authority to act on your behalf through a court order. This is a long and expensive process.

With an LPA

Mrs. Jones put LPAs in place for both financial health & welfare decisions.

  • Mrs. Jones has legally appointed an Attorney to make decisions about her finances on her behalf.
  • Bills can be paid as normal.
  • The bank recognises the chosen representative’s legal authority and no accounts are frozen.
  • Investment decisions can be made by Mrs. Jones’s representatives.
  • Property can be sold if needed.
  • Next of kin does have legal right to make personal choices, for example where Mrs Jones should live.

By planning ahead, you can choose who should have legal authority to make decisions on your behalf if you’re unable to make decisions for yourself. A Lasting Power of Attorney costs far less than a court order and, the people you choose can step in as soon as they’re needed.

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