A Will is a legal document which says how you would like your estate to be distributed after your death. If you do not make a Will you die intestate, and the law then dictates where your money will go. Not making a Will can have unforeseen financial consequences for you and your family.
Where you have children it is particularly important to make a Will. Who would look after them? Where would they live? Would your money be properly invested for them? Or could it be claimed by someone else?
There are two types of Power of Attorney – one deals with Property & Financial Affairs (PFA) and the other with Health & Welfare (H&W). Both are registered with the Government Department – the Office of the Public Guardian.
You may already be looking after someone else’s affairs particularly if they are infirm or elderly and worried that you do not have the proper authority. A Lasting Power of Attorney gives protection not only to the individual who appoints you Attorney but to You.
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