Many people forget to plan for their future to ensure that their loved ones are properly taken care of but it is very important and seeing a solicitor can help you to clarify all the details. Making time to think about your wishes will help those you love in the event of any major illness or even your death. To put yourself and your loved ones in the best possible position it is useful to take some of the following steps to prepare for the future:
Make a Will
A Will is a legal document which takes effect when you die and sets out what should happen on your death. In the Will you can decide what happens to your estate including who you wish to receive any property, money or personal items, such as family jewellery.
You can appoint executors as your legal representatives who will be responsible for carrying out the terms of your will. Guardians and trustees can also be appointed to take care of your minor children. Provisions can also be included to cover the care of your pets. In your Will you can also set out your wishes for your funeral arrangements.
If you have already made a Will, sometimes it is necessary to review it and update it as circumstances can change. See your solicitor for his/her advice regarding any updates.
Lasting Powers of Attorney
A Lasting Power of Attorney (LPA) is a legal document in which you appoint agents to deal with certain matters if you become unable to make decisions for yourself. An LPA for finance covers your bank accounts, house, pensions and bills and allows your attorneys to make decisions on your behalf. An LPA for health and welfare enables your attorneys to decide whether you should be cared for in your own home or move to a nursing home and to have a say in what medical treatment you receive.
At JW Hughes & Co. Solicitors, we have a specialist team of lawyers who advise clients in relation to wills, planning for and dealing with issues of incapacity, and the administration of estates. For more information, please ring Nick Passey or Rhys Lewis in Conwy on 01492 596596 or Phil Kentish in Llandudno on 01492 874774.
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