Once you have made a Will you will be able to enjoy the reassurance of knowing your affairs will be taken care of after your death. However, you may also wish to set up an arrangement to assign people to look after either your personal and financial affairs or both if you become unable to do so during your lifetime. This is known as a Lasting Power of Attorney and it ensures that your affairs will always be taken care of by one or more of the attorneys selected by yourself to safeguard your interests.
A Lasting Power of Attorney is a legal document and there are 2 different types in which you can set up:
Different people can be appointed for each area. Neither of the documents are allowed to be used until they have been registered with the Office of Public Guardian. A Health and Welfare LPA can be used only if you are unable yourself to make decisions about your own welfare and healthcare and the Property and Finance LPA can be used as soon as it's registered, with your permission.
Why make a Will?
What happens if I die Intestate?
How do I make a Will?
Executors and Guardians
Financial Considerations When Making a Will
Inheritance Tax
Where Should I Keep my Will?
Special Types of Wills
Organ Donations, End of Life and Hospice Care
Planning Your Funeral
Glossary
Useful Contacts/Organisations