Wills and Power of Attorney

Having an up to date will is an important part of any financial planning review.

It is important to regularly review your will especially if your circumstances change.

Many people think that all of their assets will automatically pass to their spouse on their death.

This is not always the case if you do not make a will.

A will is essential if:

• You have children under the age of 18
• You and your partner are not married (their is no legal entitlement to assets unless they are held in joint names)
• You have children from a previous relationship (without a will assets pass to the children of whoever died second)
• There are any adults dependent on you
• You have assets held in your name only (without a will your spouse or partner has no legal entitlement)

Not having an up to date will could create delays in winding up your estate.

It could also mean that the people you would like to inherit your estate
do not benefit and have to apply to the courts. This could take time and would be costly.

A will help's to ensure that your assets are passed to the correct people in a timely manner.

Lasting Power of Attorney

If you hold assets in one name only it is important to have an lasting power of attorney.

This will allow your chosen representatives to act on your behalf if you are unable to conduct your financial affairs.

Online Facility

Consilium use a company called Ten-minute Wills to offer an online will writing and LPA facility for our clients.

Ten Minute Wills offer a professional , low cost service to clients that require wills and lpa's .

To access the online will service please click here