Have you protected your estate for your blood line?
In a will you can name guardians for your children
Have you made a Lasting Power of Attorney?
Partners living together really do need a will
Why you should make a lasting power of attorney
A very large percentage of people have not made a will. It is estimated that about 60% of people that actually need a will have not made one.
A more surprising statistic is that practically nobody at all has ever thought of making a Power of Attorney and that most people have never heard of it. Yet it could be considered to be one of the most important documents you could have when you are alive. Everyone should have one.
Its correct name is Lasting Power of Attorney and it is a document that gives somebody else the authority to look after your affairs and property should you become ill, have an accident, a stroke, etc. which affects your ability to look after your them yourself. This is a situation more common than people think.
There are many stories of people who have become ill and do not have a power of attorney in place. It means that their affairs and estate become frozen with nobody having the authority to handle it. Although if an illness occurs an LPA can be applied for in retrospect, it is dealt with by a government body and takes months to create and is expensive and time consuming. It is estimated that the Government hold about £6-£7 billion pounds of money belonging to people who are not capable of handling it themselves and who do not have a power of attorney authorised.
Like I said, everyone should have one.
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