Frequently Asked Questions
Why should I be concerned about Estate Planning?
Estate planning is often referred to as something you’ll ‘get around to eventually.’ The problem is that if you don’t plan ahead, you or your family can find yourselves in a difficult situation.
Dying without a Will means dying intestate. When this happens, the intestacy laws where you reside will determine how your property is distributed upon your death. This includes any bank accounts, securities, real estate, and other assets you own at the time of death.
Without Lasting Powers of Attorney, also known as LPAs, in place, if you lose mental capacity or are in hospital, you can have a DOLs (a Deprivation of Liberty Safeguard) placed on you, meaning that doctors will make your healthcare decisions instead of trusted family members. Without a financial LPA, any properties or accounts you have in your name will be inacessible to your spouse and family, which can cause serious financial strain.
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