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Wills and Lasting Power of Attorney
Did you know that according to a study* over 70% of the UK adult population still do not have a valid Will.
Additionally** the onset of early dementia is increasing among 25 – 40 year olds and with an estimated 1.0 million UK citizens likely to suffer from Alzheimer’s by 2025 – the need for setting up a robust legal protection framework has never been greater.
At Buckingham James we are able to offer a complete estate planning service that includes Wills and Lasting Power of Attorney’s.
We know the importance of planning for the future and protecting the well-being of your loved ones. That’s why we offer professional Will writing services to help you create a legally binding document that clearly outlines your wishes and ensures that your assets are distributed according to your desires.
When you access our team of experienced Will writers, they will work with you to understand your unique situation and create a Will that meets your specific needs. Whether you’re looking to appoint guardians for minor children, set up trusts for future generations, or make specific gifts to loved ones, they can help.
Our Will writing services are comprehensive and affordable, and the process is as easy and stress-free as possible. You’ll be guided through the process step by step and ensure that your Will is legally binding and valid.
Don’t leave the future of your loved ones to chance. With our Will writing services, you can have peace of mind knowing that your assets will be protected, and your wishes will be carried out.
Contact us today to schedule a consultation and take the first step in securing your loved ones’ future.
LPA:
An LPA (Lasting Power of Attorney) is a document that legally allows a person that you nominate to act on your behalf to make important decisions that affect your wellbeing if, due to your illness or incapacity you become unable to do so.
Setting up an LPA can provide several advantages for you and your loved ones, including:
Protection in case of incapacity: An LPA allows you to plan for the possibility that you may become unable to make decisions for yourself in the future. This can provide peace of mind for you and your loved ones, knowing that there is a plan in place to ensure that your affairs are taken care of.
Control over your decisions: When you set up an LPA, you choose the person or people who will act as your attorney, and you can specify what decisions they will be able to make on your behalf. This means that you can ensure that your affairs are handled by someone you trust, and that your wishes will be respected.
Avoiding court intervention: If you don’t have in place a Lasting Power of Attorney, the court may need to appoint a guardian or conservator to manage your affairs if you become incapacitated. This can be a time-consuming and expensive process, and it may not result in someone being appointed who you would have chosen. An LPA allows you to avoid this process and keep control over your affairs.
Flexibility: An LPA can be tailored to your specific needs and can be used for a variety of purposes, such as managing your finances, making decisions about your healthcare, or making decisions about your welfare.
Cost-effective: Setting up an LPA can be a cost-effective way to plan for the future, as it eliminates the need for court intervention, and the cost of setting up an LPA is relatively low compared to the cost of court proceedings.
Help with day-to-day affairs: An LPA can be used to appoint someone to help with day-to-day affairs such as shopping, banking, and paying bills, allowing you to maintain your independence and quality of life.
Peace of mind: Knowing that you have made provisions for the future and that your loved ones are taken care of can provide peace of mind and reassurance for you and your family.
It is important to note that an LPA should be set up whilst you still have the capacity, it is important to seek legal advice, and ensure that the LPA is registered and in effect before it is needed. It also is important to choose a legal firm you trust and feel comfortable with, as they will be making decisions for you.
Please contact us to start the process of making sure your financial wishes are carried out in the event of your death or your incapacity due to to ill health,
Sources:
* https://oratto.co.uk/blog/wills/30-million-adults-in-britain-do-not-have-a-will
** https://www.alzheimers.org.uk/about-dementia/types-dementia/younger-people-with-dementia.
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NB: Wills & Estate Planning are not regulated by the Financial Conduct Authority.