Wills: Don’t put it off……
Sep 22, 2020
We don’t like to think about wills and death, and we don’t like to talk about it to our parents or our children either, but these are conversations that you might need to think about.
We don’t like to think about wills and death, and we don’t like to talk about it to our parents or our children either, but these are conversations that you might need to think about.
We don’t like to think about wills and death, and we don’t like to talk about it to our parents or our children either, but these are conversations that you might need to think about.
Bob Marley died in 1981. He had not made a will. His £20 million estate was claimed by 11-13 children, his widow, members of the Wailers, grandchildren, and business associates. It was finally settled in 2014.
Our lives might not be as complicated as a rock star, but we may have Granny living on her own, and we may have grandchildren around the corner. We might have a new relationship, and there could be children from an earlier marriage. It is important to think about what you want to happen, and important to take steps to make it happen.
And we can also talk to you about Powers of Attorney. If you were unable to look after your own affairs, who would you trust with your bank account? If you don’t choose, it might end up being the brother whom you haven’t seen for twenty years.
And we can also talk about Deeds of Variation. Imagine you are going to inherit some cash from your father, but you don’t really need it, and you would far rather help your granddaughter who is about to go to university. You can make a Deed of Variation, so that the money goes straight to her, and doesn’t cause you any tax complications at all.
Come and see us if you want a fresh and expert look at your wills. We will listen to you, and make sure your wishes are met.
To discuss your future, you can contact us by emailing info@walkerfoster.com or contact your nearest office.
You can also view our page on Wills, Probate & Lasting Powers of Attorney
Powers of Attorney (PoA) and Lasting Powers of Attorney (LPA) provide peace of mind that, should you become unable to make decisions yourself, a trusted person you have chosen will act on your behalf. They will be able to manage your affairs in line with your wishes, ensuring important matters are handled with care and responsibility.
When someone dies, everything they own - known as their estate - must be carefully managed and distributed in accordance with their wishes as set out in their will. This process involves not only passing assets to the chosen beneficiaries but also handling debts, taxes and legal formalities along the way. For many, this can be a daunting and emotional task, especially during a time of grief.
When a loved one passes away, going through the process of administering their estate will always be emotional and complex. But when the original will cannot be found, the situation becomes even more difficult - raising questions about the deceased’s true intentions and creating uncertainty for those left behind.
After talking to clients about the planning of their affairs, we at Walker Foster discovered a common misunderstanding over the difference between an executor and an attorney.
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