Alawco Limited

Alawco Limited Supporting individuals and businesses throughout the UK with money-related legal matters.

What happens if you are married but don’t have a will when you die? If you live in the UK and die without a will, the ru...
11/04/2023

What happens if you are married but don’t have a will when you die?

If you live in the UK and die without a will, the rules of intestacy will determine how your assets are distributed. In England and Wales, if you are married and have no children, your spouse will inherit your entire estate. If you have children, your spouse will inherit the first £270,000 of your estate and half of the remaining balance, with the other half going to your children.

But, if you have a will, you can specify how your assets should be distributed after your death. This can include leaving everything to your spouse or dividing your assets among other family members or friends. It's important to note that if you have joint assets with your spouse, such as a joint bank account or a jointly owned property, those assets will automatically pass to them on your death regardless of what your will says.

If you are unsure about how your assets will be distributed after your death or want to ensure that your wishes are carried out, get in touch! We can advise you on the best course of action for your specific circumstances and help you create the will you need.

A Will is a legal document that outlines how you want your belongings to be distributed after your death. What are some ...
06/04/2023

A Will is a legal document that outlines how you want your belongings to be distributed after your death.

What are some of the terms used?

• Executor: This is the person who you trust to manage your estate and distribute your assets according to your wishes.
• Beneficiaries: These are the people who will inherit your assets - you can specify how much each person should receive.
• Guardianship: If you have children who are minors (under 18), you can appoint a guardian to take care of them in the event of your death.
• Funeral arrangements: In a will, you are able to specify how you would like your funeral or memorial service to be conducted.
• Charitable giving: If you wish to make charitable donations from your estate, you can include this in your will.
• Digital assets: You can also specify who should have access to your online accounts and digital assets after your death.
• Specific gifts: If you wish to leave specific items to certain people, such as family heirlooms or sentimental items, you can include this in your Will.

Get in touch with us if you'd like our help to create your will!

Why should I get an Lasting Power of Attorney? In the UK, a Lasting Power of Attorney (LPA) is a legal document that all...
03/04/2023

Why should I get an Lasting Power of Attorney?

In the UK, a Lasting Power of Attorney (LPA) is a legal document that allows you (as the ‘donor’) to appoint one or more people (these are called ‘attorneys’) to make decisions on your behalf should you become unable to do so in the future.

There are several reasons why you may choose to get an LPA:

To plan for the future: An LPA is a proactive way of planning for the future and ensuring that your wishes are respected should you become unable to make decisions for yourself.

To protect yourself and your loved ones: An LPA can provide peace of mind that someone you trust will be able to make important decisions on your behalf if you are no longer able to do so.

To ensure continuity of care: If you have specific preferences or requirements for your care and support, an LPA can ensure that these are followed even if you are unable to express them yourself.

To avoid legal disputes: Without an LPA, family members may be left to make decisions on your behalf, which can lead to disagreements and even legal disputes.

To manage your finances: An LPA for financial decisions can allow your attorney to manage your finances if you become unable to do so, which can be particularly important if you own property or have other significant assets.

Overall, getting an LPA can provide peace of mind and help to ensure that your wishes are respected if you become unable to make decisions for yourself.

Remember! LPAs must be set up while you still have mental capacity, so it's best to plan ahead and set one up sooner rather than later.

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