As you get older, you might want to consider appointing someone to make decisions about you money, welfare and property. This enduring power of attorney does not have to take effect immediately. You simply make an agreement which can be activated at some point in the future by the person or persons you have nominated.
It enables someone else to sign cheques, carry out transactions on your behalf or enter into agreements for you.
The person nominated as your attorney has to give notice to your next of kin, who do have the right to raised objections. There are a number of safeguards and the agreement can be revoked at any time. For more information visit the DirectGov website.
Who’s in charge when I die
Your next of kin and your executor(s) are in charge when you die. If you have no will or no close relatives there can sometimes be complications.
Should I make a will
By making a Will you will ensure that your assets, no matter how small, are distributed in line with your wishes.
Making a Will
A will sets out how your estate (your assets) should be distributed, and names an executor(s) to take care of this task. A will is only valid if your signature has been witnessed by 2 adults who are not beneficiaries of the will in anyway.
Using a Solicitor
It is a good idea to ask a professional for help when you are writing your will, and it is not very expensive to hire someone for this task. You will receive help putting together a will that is free of confusion, and will most clearly reflect what you desire.
