So little time, so much to do! Whether it’s to swim with dolphins, see the Northern Lights, or write a book, most people have a list of things they want to do, or places they want to see, before they die – or become too old to enjoy them.
Yet preceding anything on that list are the 2 most important things to do before you die or your health declines; write your Will and put in place Lasting Powers of Attorney.
In contemplating our mortality, it is comforting to think of what we can do in the time we have left. Yet at the same time we cannot ignore the practicalities of death or incapacity. Nor can we ignore the impact of our regrets. Yes, we may not have seen the Hanging Gardens of Babylon, but at the same time did we also not put in place the documents our family need to support us. On the one hand, our regrets have little impact. On the other, we leave our families with unnecessary stress, complication and frustration at an already difficult time.
And yet how simple these two things are to do in comparison with running the London Marathon or mastering the pianoforte. And how much your family will thank you for doing them.
Writing a Will
A Will enables you to say who you want to deal with your estate after your die, including who is to look after your children and who is to inherit your estate. There is no such thing as a standard Will. Your Will should reflect your circumstances and wishes. It is one of the most important documents you will ever sign.
Preparing a Lasting Powers of Attorney
Lasting Powers of Attorney allow your family to step in to manage things for you if you suffer a stroke, have an accident or are diagnosed with dementia and lose capacity. Without it, they won’t have legal authority to manage your affairs and won’t be able to make the decisions they need to make for you quickly and effectively. Instead they will need to apply to the Court of Protection for approval – a process that is expensive, time consuming and frustrating.
The comfort your family gets from knowing you lived a full life whilst you could, will be offset with the knowledge that you didn’t take the time to put your affairs in order. They are the ones left shouldering the burden of this regret. Ticking these things off your list frees you to tackle the more exciting stuff with peace of mind that you did everything you should for your family.
Nicola Sunderland TEP makes writing your Will and Lasting Powers of Attorney easy. We offer a fixed price that includes a free initial consultation at your home.