Wills & estate planning

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WIll & estate planning

Beal's, your local estate planning company.

WILLS & ESTATE PLANNING​

Things to consider

You need to consider certain aspects of your Will before it is put together. You need to decide who the beneficiaries are going to be. Putting into consideration the carers of your children and who their legal guardians will be should be a top priority. You need too put in place an “Executor” who will manage your affairs when you die. Your Beneficiaries may also die before you, so you need to think what will happen should this occur.

WILLS & ESTATE PLANNING​

Single will

A Single Will is best for people who want to record their wishes and don’t want to create a Trust Will. You will be able to discuss what you want to put into your will with our Will Writer during your initial consultation. You should have to hand essential documents and information including the names and addresses of your Beneficiaries, Executors and Legal Guardians.

WILLS & ESTATE PLANNING​

Mirror will

Mirror Wills are beneficial for couples with joint intentions for their Estate. This could include distribution of your Estate to each other or any children or dependants.

WILLS & ESTATE PLANNING​

Trust will

A Trust will is best for people you want to place some or all of their Estate into a Trust. A Trust Will works by holding certain assets for named beneficiaries who will then acquire these assets at a defined time, once certain conditions are met. Until then, these assets are managed by a trustee.

WILLS & ESTATE PLANNING​

Lasting power of attorney

A Power of Attorney is a legal document that allows you to give someone else the statutory authority to act on your behalf. A Lasting Power of Attorney (LPA) allows your attorneys to make decisions for you when you no longer wish to, or when you lack the mental capacity to do so.

There are two different types of LPA; Health & Welfare LPA and Property & Financial Affairs LPA.

LASTING POWER OF ATTORNEY

Health & welfare

A Health & Welfare LPA allows your attorneys to make decisions for things such as medical treatment, accepting or refusing types of health care and whether or not you continue to live in your own home. You can also give your attorneys the power to make decisions about life-sustaining treatment for you. Your attorneys can be the same as those appointed under the Property and Financial Affairs LPA.

LASTING POWER OF ATTORNEY

Property & financial affairs

A Property & Financial Affairs LPA allows your attorneys to make decisions regarding your finances; this could include decisions about paying bills, operating your bank accounts or even selling your home.

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