Life Matters and a very simple message for us all:
Getting our affairs in order: don't put it off until tomorrow...
"Life Matters" for Lymington with Paula from Lester Aldridge
For the next in our new "Life Matters" monthly series on those niggling legal matters, Paula Shea from Lester Aldridge gives us some very good reasons to get our affairs in order now.
Don’t Put It Off - Getting Your House In Order
As a Private Client solicitor I am privileged to be able to assist families at the most difficult times in their lives.
Failing health, terminal illness, bereavement and upset within the family are just some of the things that touch upon family life.
In my experience, whilst none of these events will be welcome they are invariably easier to deal with if planning has been undertaken in advance.
Time goes so quickly...
Whilst none of us want to contemplate future mental incapacity, it is sadly a reality. According to Alzheimer’s Society research : ”there are 850,000 people with dementia in the UK, with numbers set to rise to over 1 million by 2025. This will soar to 2 million by 2051. 225,000 will develop dementia this year, that's one every three minutes. 1 in 6 people over the age of 80 have dementia”.
Most families will be affected by dementia or failing capacity in some way. Putting in place Lasting Powers of Attorney (LPAs) is one way in which you can plan for this eventuality. I always liken LPAs to an “insurance policy” – they are something we don’t want to have to call upon, but reassuringly there if we do need them.
Just like insurance, if you don’t have an LPA in place and then need it, expense and heartache for your family can easily be the result.
Modern families are complicated and often “blended”
Most families will have some complexity and balancing the competing needs of multiple children and new relationships can feel like balancing on a high wire with no net. Without putting the proper plans in place regarding wills and tax planning the results can be disastrous. Relying on the intestacy rules is a very poor substitute for a properly drawn will. If you have a child under the age of 18 the preparation of a will gives the opportunity to consider the unthinkable scenarios. Of course, no parent wants to consider this but it is part of sensible planning. Putting in place a properly drawn will gives you a safety net so that you can get on with life.
Getting your affairs in order need not be difficult. Having made a new will and LPAs my clients comment on how reassured they feel and that they are ready to get on with enjoying life. Don’t let these tricky matters fester, contact me for a confidential discussion. Your family will thank you for it!
Free consultation with Paula
Paula is well aware that you need to be able to trust in the person with whom you share your confidential information.
Which is why as Partner with Lester Aldridge who looks after probate, wills and estates, she is happy to offer a totally free and no commitment initial consultation. This meeting can take place in person at your home or the Lester Aldridge offices in Bournemouth, or on the phone as preferred. You can talk over the specifics of your situation with Paula, and take things from there.
Life Matters for Lymington with Paula at Lester Aldridge, October 2018