Category: Advance Decision

Feb 23 2009

Some cornerstones of sound Estate Planning

Estate Planning is a topic that should be emabraced by every adult

Too many people procrastinate when it comes to writing a Will. It maybe because they have a dislike of thinking of their own mortality or think they don’t have enough in the way of assets to worry about it or even that making a will is too expensive. Well, if you didn’t know before there is more to making a Will than directing where your assets go. At the very least it can spare you loved ones turmoil in the aftermath of your passing.

Make a Will
If you make a will you can decide who gets your assets and who does the distribution for you. If you have young children you can appoint a Guardian to care for them, otherwise if there is no living parent the social Services are responsible and a Court decides on your child’s future.

Make a Lasting Power of Attorney
With the two types of Lasting Power of Attorney you can appoint someone to look after your financial interests and make decisions concerning your medical treatment if you become are unable to do so. You can only make an LPA if you have proper mental capacity.

Consider Advance Decisions
You can use an advance decision (called an advance directive as well) to state your wish to refuse all or some forms of medical treatment if you lose mental capacity in the future, including resucitation. You can’t use it to request treatment. It works to give you the final say in this aspect of medical care. If made after you make an LPA it will take precedence.

You can do all of the above without any help from a professional but bearing in mind the importance of all these matters you would be well advised to seek some professional guidance.

If you would like some advice or to arrange a visit please call Bill Ryan on 01225 582582 or 07942 959599 or use the contact page and I will call you back.

Affordable peace of mind for people from all walks of life and for those not wanting the cost of a high street solicitor.

The home visit Will service is available in Berkshire, Dorset, Gloucestershire, Hampshire, Oxfordshire, Somerset and Wiltshire.

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