Why should I have a Will?
Why should you have a Will? This is a great question. In short, a Will can help to ensure that your estate is organised and distributed according to your wishes.
This not only gives you peace of mind, it makes life a lot easier for those who are left behind. Your family and friends will be grieving, the last thing they need is to be sorting out legalities or omissions in your estate planning. So it eases the way for everyone to make your Will, and to keep it updated.
There are several different types of ways that can help with the tax efficiency of distributing an estate.
If you have not got a Will, you would pass away ‘Intestate’. This means that your close ones have to go through a much longer probate to release any of your assets. There may be a lot of information to be gathered, and delays in probate being granted. There is a risk that your assets may not end up in the right hands or distributed in the way you wanted them to be. This can cause family feuds, anxiety and a lot of tension, during a time which is already very stressful.
We are here to support you during the process of handling estates after death and, as a Partner of St James’s Place, can put you in touch with an expert panel of preferred estate administration providers who can guide you through this complex, emotional and very sensitive area.
Will writing involves the referral to a service that is separate and distinct to those offered by St. James’s Place or Calver Wealth Management. Will are not regulated by the Financial Conduct Authority.
Why should I have a Power of Attorney?
Without a Power of Attorney, it can be difficult to access the information you require to help the person who may be in need. It can be virtually impossible to speak to banks, building societies or financial providers etc without having sight of a valid power of attorney document.
Why would you want a Power of Attorney?
There are a number of reasons why you might need someone to make decisions for you or act on your behalf:
This could just be a temporary situation: for example, if you're in hospital and need help with everyday tasks such as paying bills.
You may need to make longer-term plans if, for example, you have been diagnosed with dementia and you may lose the mental capacity to make your own decisions in the future.
To help you with this aspect of planning, we can introduce you to experts to guide you through what can be an emotive and involved process.
Powers of Attorney involve the referral to a service which is separate and distinct to those offered by St. James’s Place or Calver Wealth Management and are not regulated by the Financial Conduct Authority.
Get in touch today to discuss your Will and Power of Attorney