Many important decisions don't have deadlines. It's easy to postpone them indefinitely. Until it's too late.
Take a will, for instance. Despite the huge difference it could make to the well-being of their loved ones, 70% of adults haven't yet made one.
Far from being morbid, preparing the document with us will give you the peace of mind that comes from crossing an essential task off your to-do list.
Over your lifetime, you may find that - if others are dependent on you - some of the following could be helpful:
Certain things you may assume follow automatically after a death might not happen at all. For example, a widowed spouse might not inherit property. A partner might not have any legal entitlements. A home might have to be sold. And children might not receive anything from an estate.
A will ensures that what you leave behind – your possessions, properties, savings and investments – are used and distributed the way you’d like them to be. It also lets you say who will handle your affairs, and who the potential guardians for your children will be.
Also known as an advanced medical directive, a living will isn’t an instruction concerned with your wealth or possessions. Instead, it’s about your health. It allows you to specify what kind of medical treatment you’d like to have – or to avoid – in later years. It’s a reassuring document to have ready for the future.
When a couple – either married or unmarried – have similar wishes (each planning to leave their estate to the other and to their children, for instance), mirror wills are a good solution. In the event of their partner’s death, it allows the widowed person to later change their own will.
If you’d like to have real control over how your estate is inherited, trusts offer a great deal of flexibility. A trust, for example, can state the age at which a young person has access to inherited money. And someone with a spouse from whom they are separated could ensure that the spouse receives an income from the estate, while specifying that it will eventually pass on to their children.
If ageing or injury were to result in a physical or mental disability that affected your capacity to communicate, having a power of attorney in place would allow your trusted nominee to deal with your finances and welfare. And sign documents on your behalf.
You can apply to court to make decisions on behalf of a family friend or member if they become incapable of doing so themselves. This might enable a property to be sold in order to fund nursing-home fees, for instance. We can offer you help with court applications and other legal matters.
The responsibilities and duties that follow a bereavement can be overwhelming. If you wish, we’ll take care of many of these on your behalf. And in accordance with the wishes of the deceased. We can help with:
With you every step of the way.