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Ring in the changes of the New Year… and update your will!

December 28, 2015  |   Posted by :   |   Uncategorized

wills and probate solicitor Thames Valley

As the end of the year approaches, it’s a natural time to start thinking about your plans for 2016 as well as looking back on what’s changed this year. Maybe you changed jobs or moved house, met the love of your life or welcomed a new addition to your family into the world. Twelve months may zip past these days, but a lot can happen in that time – and while making or updating your will may not be top of your to-do list, the New Year can be a good time to take stock of your life changes and prepare for the future.

It’s a good idea to speak to your solicitor about updating your will if you or your family have experienced any of the following changes in circumstances lately:

  • Meeting a new partner, moving in with someone, getting engaged, married or entering into a civil partnership
  • Having a baby, adopting a child, or gaining a grandchild or step-child
  • Moving house, buying, selling or inheriting property
  • Making investments or receiving inheritance
  • Changing your job, being made redundant, receiving a raise or promotion, starting or closing a business
  • Losing a family member, becoming ill, or any other significant change to your health and wellbeing

Having up-to-date will and probate arrangements helps to make sure that your loved ones are taken care of should the worst happen in the future. Without practical, legal provisions in place, your property and assets may not be passed on to the people you want them to, and could even result in legal complications for your family after your death.

Probate

Dealing with the legalities of probate can be stressful and upsetting for grieving family members. By appointing an executor and arranging for your solicitor to handle the details, you can be assured that your family will have professional assistance and support throughout. Sorting out these issues in advance also means that your will can be dealt with more quickly, saving expense and stress, and allowing you to pass on more of your assets to your loved ones.

Lasting Power of Attorney

Arranging lasting power of attorney allows you to establish a safeguard in the event of illness, accident, or if you find you are unable to handle your own affairs in old age. It makes sense to appoint someone you trust to manage your property, assets, and welfare according to your wishes. Your solicitor will also be on hand to assist your appointed executor and make sure your requirements are adhered to. Think of it as ‘life assurance’ – just as you would insure your house, your car and your possessions, it, it’s essential to insure your own wellbeing.

Updating your will is a quick and simple way of keeping your affairs in order, especially if your circumstances have changed recently. And if you don’t have a will, then it’s high time you made one! The experienced legal team at Frances Lindsay & Co can act as executors of your will, help you to make all the appropriate arrangements, provide advice on inheritance planning and contesting a will, and ensure that all your assets are accounted for. Let us take the burden off your family and friends – get in touch by calling 01628 634667 or visiting www.franceslindsay.co.uk and speak to one of our expert solicitors in Berkshire and Buckinghamshire.

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