2021 is on the horizon (finally!)…
2020 has been a momentous year, to say the least, and for many of us, it’s made us think about what really matters and perhaps even made us re-think some of our priorities. It’s also shown us that we cannot predict the future (you literally could not have written the events of 2020!) and how important it is to have a safety net in place to protect our own future, and the future of our loved ones.
Having the right legal documentation is vital to make sure your living arrangements are secure, your relationships are safeguarded, your children are looked after, your estate is protected, and your end of life plans and wishes are adhered to. We know these are all things that people tend to put off for ‘another day’ but having your affairs in order is one of the best ways to give yourself peace of mind for the future.
And here’s how:
Property & Living Arrangements
Moving in with a partner or friends? Make sure you have a cohabitation agreement in place to set down each of your investments, shares, and intentions for the property in case you disagree or go your separate ways down the line. A Deed of Trust can also help to make clear everyone’s individual stakes in a property and ensure any liabilities and assets are fairly shared.
So many people’s living arrangements have changed this year – whether you’ve made the decision to move in together during lockdown, moved house, or separated – and it’s really highlighted the importance of protecting your rights when it comes to property.
Relationships & Family Law
You don’t need to get divorced to benefit from official legal protection! Prenuptial and cohabitation agreements are as valuable as any other kind of insurance – hopefully you’ll never need to use them, but if you do, they can make a huge difference to minimising disagreements and disputes should you end up separating in the future.
And if you’re going through a divorce, or are just starting the process of separation, getting the advice and guidance from an experienced solicitor is the very best first step. A good solicitor can help you to negotiate financial issues, figure out children’s arrangements, and reach a resolution as amicably as possible.
End of Life Planning
This year has really given us a sense of our own mortality, huh? And while it might be something we don’t particularly want to think about right now, having an up to date will, lasting powers of attorney, and an end of life plan can help to feel more in control, and ensure that your future – and the future of your loved ones – is protected.
Less than half of all UK adults have a valid will in place – make sure you’re one of them! And while you’re there, set up lasting powers of attorney to make sure your wishes are followed if you ever find yourself unable to manage your own affairs.
We’ve all been through a pretty massive upheaval this year, but it’s a good reminder to update your end of life planning documents every time you go through a significant life change: moving home, receiving inheritance, getting married or divorced, having children or welcoming new grandchildren into the family, or anything else that might be relevant to your will or estate. Make sure to notify your solicitor and keep your will up to date and your affairs in order.
Getting Your Affairs In Order
Most of us don’t give legal issues a second thought until something goes wrong, or we find ourselves without the legal protection we need. So don’t get caught out in 2021 and make sure you have everything in place to take care of your family, your living arrangements, and your future.
Start the new year off right, get in touch with one of our friendly, down-to-earth solicitors, and let us help give you some peace of mind by getting your affairs in order.