New Year, New Resolutions: The Importance of Planning Ahead with Wills and LPAs
The Importance of Planning Ahead with Wills and LPAs
As the festive season fades and a new year begins, many of us turn our thoughts to resolutions and plans for the future. Among the usual goals of health, fitness, or career progression, it’s also an ideal time to think about securing your family's future by addressing important legal matters like Wills and Lasting Powers of Attorney (LPAs).
In this blog, we’ll explore why the start of the year is the perfect time to make these plans, how Wills and LPAs protect your loved ones, and the key steps to take to get started.
Why January is the Perfect Time to Plan
The start of a new year naturally invites reflection and forward thinking. The festive season often reminds us of the value of family, while January provides a clean slate to act on our intentions. Planning your Will or setting up an LPA during this time ensures your wishes are clear and legally protected, giving you peace of mind for the year ahead.
The Role of Wills: Protecting Your Family and Legacy
A Will is more than just a legal formality, it’s a powerful way to care for your loved ones after you’re gone.
Key Reasons to Have a Will:
- Avoiding Intestacy: Without a Will, the law decides how your assets are distributed, which might not align with your wishes.
- Clarity for Loved Ones: A clear Will reduces uncertainty and prevents family disputes.
- Guardianship for Children: Ensure your children are cared for by someone you trust.
- Charitable Giving: Leave a legacy by supporting causes close to your heart.
Lasting Powers of Attorney: Planning for the Unexpected
While Wills handle matters after death, LPAs are essential for protecting your interests during your lifetime. They enable you to appoint someone you trust to make decisions on your behalf if you lose the capacity to do so.
Two Types of LPAs:
- Health and Welfare LPA: Covers decisions about your healthcare, living arrangements, and daily welfare.
- Property and Financial Affairs LPA: Grants authority to manage your finances, such as paying bills or selling property.
An LPA ensures your wishes are respected and reduces the burden on your family during challenging times.
Overcoming Common Barriers
Discussing Wills and LPAs can be daunting, but avoiding the topic can leave your family unprotected. Here’s how to tackle common obstacles:
- Fear of Morbid Topics: Frame the discussion as a way to safeguard your family’s future.
- Lack of Knowledge: Seek advice from legal professionals to simplify the process.
- Procrastination: Break it down into manageable steps - start by listing your assets and thinking about trusted individuals to act as executors or attorneys.
How We Can Help
At Bell Lamb & Joynson Solicitors, we specialise in guiding individuals and families through the process of Wills and LPAs. Our team offers expert advice tailored to your unique circumstances, helping you create legally sound documents that provide security and clarity.
Our Services Include:
- Wills
- Probate and estate administration
- Powers of attorney
- Trusts
- Court of protection
Act Now to Secure Your Future
Start the new year by taking control of your future. Whether it’s drafting your Will, setting up an LPA, or updating existing documents, now is the perfect time to act.
Contact us today at 03444 124 348, use our 24/7 live chat, or complete our online enquiry form to schedule an appointment.
Take the first step toward peace of mind for you and your loved ones.