How to plan for the inevitable

1 update your Will. if you’ve married, divorced or remarried, or now have grandchildren, it may no longer be valid. 2 set up a power of attorney. this is a legal document that gives a close relative or friend you nominate the right to manage your financial affairs if you’re incapable of doing so. 3 Write a letter of wishes. this isn’t legally binding but can be included in your funeral plan to ensure you get the style of funeral you want. 4 check if your pension savings can be passed on to a loved one – rules differ depending on your scheme. 5 discuss your Will with those who will be affected by it. you cannot bind family in terms of funeral arrangements or organ donation though. you could sign up to the organ donation register (www. organdonation.nhs.uk) and carry a donor card, but discuss it with loved ones first.