Your Guide to Later Life Finance

Wills A Will is a legal document where you can clearly outline who you want to inherit your money, property, and possessions after you’ve passed away. It’s your opportunity to ensure that your wishes are honoured and that your loved ones receive what you intend for them. Without a Will, the rules of intestacy will take over, deciding who inherits your belongings according to legal guidelines, rather than your personal preferences. Lasting Power of Attorney A Lasting Power of Attorney (LPA) is a legal document that lets you appoint trusted individuals to manage your affairs if you’re ever unable to do so yourself. This could be due to health reasons or any situation where you might need support. When you have these important documents in place, you ensure that your chosen representatives will handle your property and financial matters or make decisions about your health and welfare according to your wishes. It’s a vital step in making sure your needs and preferences are respected, even if you’re not able to communicate them yourself.

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