Writing a Will, naming an LPA
Practical reasons to make these plans
12 Practical reasons to write a Will and name a Lasting Power of Attorney
These 12 reasons provide valuable information but if you find the subject difficult to deal with then please look at page 4 of this document - it succinctly explains the situation and what will happen to your money and assets if you don't have a Will.
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Many people put off writing a Will or creating an LPA for another day - after all it's not something any of us want to face but the reality is none of us know when our time is up. Having a Will in place spares you loved ones a lot of hassle and upset while coping with their grief.
A Will allows you to appoint guardians for children or dependants, decide how to leave your property and assets, take steps to protect unmarried partners or step children and reduce inheritance tax.
An LPA enables you to appoint someone you feel would make decisions in your best interests should you be unable to. There are two types of LPA, one for finances and one for health.
