Wills / Powers of Attorney
Why make a Will?
If you do not have a Will, your money and other assets will be distributed in accordance with the intestacy rules (a Government written Will). The result may not be what you would choose and cause problems for your loved ones.
- If you have an invalid Will none of your wishes may be carried out, either an earlier Will or intestacy rules will be used to administer your estate
- If you are not married or in a civil partnership, your partner will NOT inherit unless you have a valid Will
- If you are separated but not divorced your ex-partner may get everything, leaving nothing for those you wish to inherit
- You may want to prevent a member of your family benefiting from your Estate this can only be done through a Will
- If you are retired, you may not have reviewed your Will for some time. You may have additional grandchildren to add or others to remove
- You can protect your property from being taken to pay for care fees with a correctly drafted Will
Single will £150 + VAT
Couples will £250 + VAT
What is a Lasting Power of Attorney?
A Lasting Power of Attorney (LPA) allows your loved ones to take care of you and your finances if you become unable to do so yourself.
There are two types of LPA:
A "Property and Financial Affairs" LPA allows your loved ones to deal with paying your bills, buying and selling your property and managing your bank accounts and investments.
A "Health and Welfare" LPA covers decisions about health and care and even deciding where you are to live. This can only be used if someone is incapable of dealing with such matters themselves.
An LPA ensures that, should you be unable to manage your own affairs, the people you have appointed can manage your financial life on your behalf. This can save a great deal of money and distress, and will ensure that, as a vulnerable person, your affairs will be handled correctly and quickly.
Accidents, strokes, brain injuries and Parkinson's disease can also affect someone's ability to make their own decisions. Handling your financial affairs can become virtually impossible. This could have the dual benefit of saving a great deal of money and easing the burden on their relatives.
Risks of not having an LPA – ‘prevention is better than cure’
If you lose mental capacity without an LPA in place, your family must apply to the Court of Protection to have a deputy appointed to deal with everyday financial matters. This is a slow and very expensive process, costing thousands of Pounds. If you already have an LPA in place, this will not be necessary.
£300 & VAT each or £500 for both (Health and financial)
£750 & VAT if a couple (which is 4 LPA’s)
Each LPA attracts a court fee of £84