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Getting organised for the future

After dealing with the death of a loved one, many people find their thoughts turning to how they can help their families in the event of their own death.

· For example, if you had a mirror Will with your spouse or civil partner, it would be a good idea to check whether this needs updating.

· Similarly, you might consider getting Lasting Powers of Attorney (LPA) set up. This allows you to appoint a person or people you trust to be your ‘attorneys’; this gives them the legal right to make decisions on your behalf if and when you are unable, or unwilling, to do so on your own. There are two types of Lasting Powers of Attorney – Property & Financial and Health & Welfare. Amongst other things, the Property & Financial LPA allows your attorneys to carry out routine financial tasks, such as paying bills and ensuring your property is kept in good order. The Health & Welfare LPA gives the attorneys the ability to make decisions about any medical treatment you might need or where you might live if you are unable to live by yourself any longer.

· Trusts - If you own your own property, it might be a good idea to consider taking advice on estate planning and possibly putting your property into a Trust. This can be very beneficial if you wish to protect your estate, as far as possible, from third party claims or if you wish to ensure that your children cannot be disinherited, either deliberately or accidentally. There are many different forms of Trust to suit diverse needs but this is a complex area which requires professional expertise.

Getting organised for the future

If you need further advice or have any questions please call us on: 0300 13 123 53

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