Estate Planning The benefits

November 01, 2021

Statistics show that most parents do not have a Will or a Lasting Power of Attorney.

When families are going through loss and bereavement, it can reduce the stress if the deceased had organised their affairs making it as easy as possible for the family.

Without a Will

The consequences of not making a Will are that family members have to try to understand the strict rules of Intestacy, which may mean that an Estate will not pass to those family members as intended by the deceased. This may include people who have not been seen or heard from in years.

In many countries we can choose who will deal with our Estates, who the Beneficiaries are, and how our assets should be distributed. Yet many people have not considered making a Will.

If you are a parent of minor children, what will happen to your children if something happened to you and your spouse? Who would you trust to look after them if you are unable to?

If the deceased lived, worked, owned assets or died overseas, these matters can be very complicated and will be subject to the laws of the countries involved.

If you are not married, your partner could be left with nothing on your death.

The future

Only you will know what is best for your family and therefore by making a Will you are ensuring that your loved ones are protected and provided for as you would wish.

Every individual’s needs are different and we will assist you in your decisions.

By making a Will, you can address these issues and give you and your family clarity and peace of mind.

Lasting Power of Attorney

Without a Lasting Power of Attorney, who would make financial and medical decisions on your behalf? Who could assume legal responsibility for running your business?

For free advice to help you make the right decisions, please contact us

  +44 7939 578 631

Excelsior World