Why it’s the ideal time to sort out your finances as we enter the new normal
As lockdown is slowly loosened, the future is looking a little brighter for us all. And as we look ahead, it’s a great time to think about your financial affairs.
What will happen to your estate, finances and possessions when you are no longer here? It is something no one likes to ponder but it is essential to make these plans, and one way to start the process is by writing a Will.
Now we are easing out of lockdown, we are all looking forward to better daysahead.Covid has taught us that unexpected things can and do happen. That is why it is necessary togetall your legal matters sorted, now.As
Tony Marchi, principal at ILAWS Scotland (specialists in Will-writing and organising Power of Attorneys) pointed out, writing a Will does not only bring his clients peace of mind, but also their children and loved ones.
He added:“Clients’ families comes to us once their mum or dad has passed away and ask us for advice on what to do.
“As well as outlining their parents’ wishes about how they would like their finances or property divided, a Will also states their funeral wishes.
“Having these types of conversations can be difficult. Some people never want to have them and never get round it to, but families that come to us find comfort in finding out what their loved one wants for their funeral.
“Parents put a Will in place for their children, which brings them peace of mind and makes it easier for the loved ones they leave behind.”
ILAWS Scotland saw an increase in the number of people writing Wills during 2020 owing to the pandemic and this trend has shown no sign of slowing in 2021. While restrictions are easing, Covid still lingers, so writing this essential legal document has never been more vital – whatever your age.
Add “writing a Will” to your still-to-do list – and while you are at it, as well as organising
Writing a Will has never been more vital – whatever your age
your Will, ILAWS can also arrange a Power of Attorney for you and your spouse.
It allows you (both) to give authority to a trusted family member or friend to carry out financial or medical decisions on your behalf, when you are unable to through illness or incapacity, and it’s another important legal document that needs to be written.