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YOURS (UK) - - Good To Know -

Wor­ry­ingly, 60 per cent of adults don’t have a Will and one in four don’t get round to writ­ing one un­til they’re 55 Source: The Co-op­er­a­tive

The Yours Guide to Wills and Last­ing Pow­ers of At­tor­ney is de­signed to help you get your af­fairs in or­der. It ex­plains the types of LPA and their fea­tures and why you need them, and also the im­por­tance of hav­ing a Will and what hap­pens if you don’t make one.

What do LPAs do?

LPAs al­low you to ap­point a per­son or peo­ple you trust to make im­por­tant de­ci­sions on your be­half should you ever be un­able or un­will­ing to do so. There are two types: a Prop­erty & Fi­nan­cial Af­fairs LPA and a Health & Wel­fare LPA. Set­ting them up means de­ci­sions about your fu­ture health or money are in safe hands and gives you to­tal re­as­sur­ance – no one has the le­gal right to make de­ci­sions on your be­half with­out one. With­out LPAs, your loved ones will have to go through the Court of Pro­tec­tion, so it makes sense to ar­range them.

Why do I need a Will?

A Will is a le­gal doc­u­ment that al­lows you to clearly state what should hap­pen to your as­sets when you die. It’s the only way you can de­ter­mine how your as­sets and pre­cious pos­ses­sions are distributed af­ter your death. With­out one, your es­tate will be distributed in ac­cor­dance with the laws of in­tes­tacy. Th­ese laws fol­low strict rules, so loved ones may not in­herit any­thing at all.

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