Why do I need a Will?
It is important for you to make a will whether or not you consider you have many possessions or much money. It is important to make a will because:
If you die without a will, there are certain rules which dictate how the money, property or possessions should be allocated. This may not be the way that you would have wished your money and possessions to be distributed;
Unmarried partners and partners who have not registered a civil partnership cannot inherit from each other unless there is a will, so the death of one partner may create serious financial problems for the remaining partner;
If you have children, you will need to make a will so that arrangements for the children can be made if either one or both parents die;
It may be possible to reduce the amount of tax payable on the inheritance if advice is taken in advance and a will is made;
If your circumstances have changed, it is important that you make a will to ensure that your money and possessions are distributed according to your wishes. For example, if you have separated and your ex-partner now lives with someone else, you may want to change your will. If you are married or enter into a registered civil partnership, this will make any previous will you have made invalid.
Why do I need an LPA?
Lasting Powers of Attorney allow you to nominate someone you trust to make property and financial and/or health and welfare decisions on your behalf if necessary. This can be very helpful in protecting the fabric of the home – for example, once someone is no longer able or willing to make decisions or arrangements about property maintenance and repairs. It also gives reassurance that, if and when the time comes, your attorneys will make the right decisions for you – for example, medical care and treatments…
Why appoint a guardian in a will?
A guardian is a person who will have the legal responsibility to look after your children if you die before they are 18 years old, and their other parent (who has parental responsibility) is also deceased or is unwilling or unable to discharge their parental responsibility.
Matt Wainwright MSWW Managing Director
01476 850045 | 07508 188887 matt@fourseasonsplans.com www.fourseasonsplans.com
