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Why Estate Planning Matters

Plan for Tomorrow: Why New Year’s Resolutions Should Include Estate Planning

As we approach the festive season and a new year, it's the perfect time to focus on estate planning, a topic often overlooked. Many delay discussions about wills and lasting powers of attorney (LPAs), risking the chance of passing away without a will or losing the ability to establish an LPA.

Why Estate Planning Matters

Estate planning ensures your wishes are honored after your passing. It involves deciding how your assets will be distributed and who will handle your estate, providing clarity for loved ones and minimising disputes.

​The Importance of a Will
Creating a will is essential for several reasons:

  • Control Over Asset Distribution: Specify how your assets are distributed to your chosen beneficiaries.
  • Choosing Executors: Decide who will manage your estate.
  • Minimizing Family Disputes: Clearly outlining your wishes reduces misunderstandings during difficult times.
  • Guardianship for Minors: Appoint trusted guardians for your children.
  • Protect Your Property: Safeguard your assets from care fees and other challenges.

Understanding Lasting Powers of Attorney (LPA)
In addition to a will, establishing an LPA is crucial. An LPA designates someone to make decisions on your behalf if you're unable. The two types are:

Health and Welfare: Ensures your healthcare preferences are respected.
Property and Financial Affairs: Manages your finances and bills.

Make Estate Planning a Resolution
​​As you set intentions for the year, prioritise estate planning. Discuss your wishes with loved ones to prepare them for future decisions. Taking proactive steps now will bring you peace of mind and ensure your legacy is protected.

Tuesday, January 21, 2025

Specialists in Wills & Probate in Stockport, South Manchester & North Cheshire.

By entrusting BJ McKenna and Co with your matter, we assume the role of Personal Representative, handling all associated duties on your behalf. You can rest assured that a skilled professional will safeguard your best interests throughout the process.

​If you have any questions, please don’t hesitate to reach out.

By entrusting BJ McKenna and Co with your matter, we assume the role of Personal Representative, handling all associated duties on your behalf. You can rest assured that a skilled professional will safeguard your best interests throughout the process.

​If you have any questions, please don’t hesitate to reach out.

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