New Year, new start. It is that time of year when we are all revisiting and starting afresh with our to-do list. From eating healthier food to exercising more to getting your personal affairs and finances in order, now is the time to take action and make a Will. Or if you do already have a Will, does it need updated? Have you also put a POA (Power of Attorney) in place?
Putting your wishes in black and white is not complicated, nor expensive. Making a Will allows you to express your final wishes clearly, and without one you are leaving it up to the law to decide how your estate (your money, possessions and property) is passed on – and this may not be the way you wanted it.
Some areas to consider when making or reviewing your existing Will:
While death, and long-term illnesses, can be a difficult topic to think about, it is important to consider making your wishes known now in the event that you cannot make them later.
In addition to a Will, it is very important to also have a Power of Attorney (POA) in place. A POA is an important legal document which allows you to grant the people you trust ‘power ‘ to make important decisions for you if you are unable to do so yourself in the future – e.g. in the event of an illness or accident that leaves you without capacity to make these decisions at the time. Incapacity can happen to any of us, at any time, unexpectedly through illness or an accident.
Get in touch with McDougall McQueen today to discuss your personal affairs. Don't leave it too late.
6 February 2019