“The best results come through proper understanding, practical solutions, and prompt action”
Making your Will
If you think you don't need a Will, think again! The idea of not wanting to think about death is a problem but not talking about dying won’t make it not happen and knowing you’ve got your plans and affairs in order will be a great relief. You can then get on with life safe in the knowledge that your loved ones are protected.
Furthermore, think about the subsequent consequences of dying 'intestate':
Without a Will, you do not have an executor & therefore an unknown official will be appointed by the Probate Courts to act as an administrator of your estate. This means delay, expense, frustration, and even loss of assets for the people who you would have wanted to benefit.
Many people avoid making a Will because they think that their estate is not large enough to merit one, or that their spouse & children will automatically inherit. Neither is a valid reason. There is only one way to ensure that your dying wishes for your estate are adhered to and set your mind at rest when the worst happens, none of the nasty consequences above will happen to those you leave behind.
For most parents, the welfare of their children is a primary concern. Setting out in writing who you want to have legal guardianship of your children is of huge importance and yet many parents omit to do so. If both parents die without designating a guardian it falls to the courts to make this decision. The would be immensely stressful for any children unfortunate enough to go through this process but the situation is entirely avoidable simply by stating your chosen legal guardian in your Will.
Lasting Power of Attorney
A lasting power of attorney (LPA) is a legal document that lets you (the ‘donor’) appoint one or more people (known as ‘attorneys’) to help you make decisions or to make decisions on your behalf.
This gives you more control over what happens to you if you have an accident or illness and can’t make your own decisions (you ‘lack mental capacity’).
There are 2 types of LPA:
Every adult should have a lasting power of attorney in place as there are significant detrimental consequences of not doing so.
The cost of dying is rising faster than the cost of living, leaving grieving families who have not made any intelligent plans for their future to suffer the associated consequences. In the UK the average cost of a funeral has increased by over 120% over the past decade from £1,900 ten years ago (in 2008) to £4,200 on average today and this figure doesn't even represent the full costs of a funeral (ie. the wake etc)
If funeral charges had risen in line with the cost of living, (ie. 2.5% per yr) the average cost today would be just £2,400, some £1,800 less than the actual average figure. Alarmingly, based on the same yearly increase (of 8.5%) for the past ten years, in another ten years time (ie. in 2028) a basic funeral will cost over £9,500.
Many of those left behind after the death of a loved one are getting into debt and or having to cut back or change the funeral arrangements as they simply can not afford the rising prices. It has also been reported that the bereaved are having to sell belongings to pay for funerals.
*IMPORTANT FACT: After death, your funeral will usually have taken place (& will need to be paid for) within 10 days of dying. However it will take a further 9 months until your family be able to access any money you leave to them in your Will which means they will have to find the money to pay for your funeral from their own sources.
All of this stress and anxiety & distress can be avoided by organising your funeral(s) today. The only certainty in life is your death & with that comes the certainty that your funeral needs to be organised & paid for.
For further information on how we can help you with your Funeral Plan, Instruct Us now so we can organise a free no obligation initial consultation.
“If I live for just another 20 years, my wife and children will be facing a ridiculously high bill to bury me. This was the reason why both my wife and I bought our Funeral Plans in 2016 and took away that financial burden.”
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