Making a Will and/or Lasting Powers of Attorneys
Posted on 27 March 2020
As the situation around coronavirus and the government guidelines change, we all have to adapt to a new way of a living and in record time. We understand that for many there are concerns over their affairs should the worst happen.
We have noticed that during these uncertain times more people want to write a Will and draw up Lasting Powers of Attorneys (LPA) to safeguard their assets and protect their loved ones.
A Will is a legal document that specifies your wishes about what happens when you die. A Will makes it much easier for your family or friends to ensure your wishes are carried out. It can also reduce the amount of Inheritance Tax that might be due. If you do not have a Will, you die intestate and legislation dictates how your estate is passed on, which might not be in line with your wishes.
A Lasting Power of Attorney (LPA) is a legal document that enables you to specify who you would like to manage your interests and decisions on your behalf. You can set up an LPA for either your property and financial affairs or your health and welfare, or both.
A financial LPA can be used should you need to be hospitalised for a short period of time and need help managing bill payments. Your Attorney(s) can act as soon as you give them permission or if you are not able to make your own decisions.
A Health and Welfare LPA can only be used to make decisions for your health and welfare when you are no longer able to make those decisions for yourself.
If your circumstances have changed then now might be a good time to get in contact to see how we can help. Our friendly team can offer advice during this difficult time, and we are able to take instructions on the telephone, by email or by video conferencing. Please call any of our offices for more information on how we can be of assistance:
Bridgwater: 01278 457891
Taunton: 01823 446200
Yeovil: 01935 382680