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Nobody likes to think of death, particularly when you have children that you love and care for.
However, there are steps that can be taken to ensure your wishes are respected long after you’re gone.
Ensuring you have taken the time to prepare a will to suit your personal and financial circumstances, will minimise the stress and complications for your family and friends.
Do you know how and why you should create a will?
Soul queen Aretha Franklin sadly passed away recently at the age of 76, leaving behind an estate worth approximately $80 million, however according to court documents the music legend did not have a will in place at the time of her death, meaning that she died intestate.
Creating a will isn’t as simple as stating your wishes before you die. There is a process that can often be complex. Below, our infographic explains some of the things you should and shouldn’t do when creating a will.
A High Court judge has been praised for suggesting that people should have to make an advance statement of wishes otherwise known as a ‘living will’ in case said person suffers a serious incapacitating illness or injury.
When it comes to having your wishes respected after you have passed away there is one document that is essential and that is your Will.
Ever wondered what a Lasting Power of Attorney (LPA) is, or whether it is something you actually need? In this article, we at Thorneycroft Solicitors thought we would offer a helping hand to those of you interested in the subject.
So, what are Lasting Powers of Attorney?
The Office of the Public Guardian has admitted that fees charged for lasting powers of attorney have been too excessive in the past four years.
They revealed that fees charged were above that of the costs involved in processing an LPA application.
The Law Commission has stated that the ‘out-dated’ and draconian laws surrounding wills must be changed to be more in-line with the modern world.