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:
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
Heaton Moor
4 Moorside Rd, Heaton Moor,
Stockport
SK4 4DT
Heaton Chapel
335 Wellington Road North,
Heaton Chapel,
Stockport, SK4 4QG
BJ McKenna is part of the McHale Group with multiple office locations offering full-service support
© BJ McKenna & Co Solicitors 2008 - 2025 - Solicitors Stockport, Heaton Chapel, Heaton Mersey, Reddish, Offerton & Marple
B J McKenna & Co Solicitors is a trading name of B J McKenna & Co Solicitors LLP. The term partner is used to refer to a member of the LLP.
B J McKenna & Co Solicitors LLP is a Limited Liability Partnership registered in England and Wales Number OC376377.
Registered office: 335 Wellington Road North, Heaton Chapel, Stockport, SK4 4QG where a list of members of the LLP is available for inspection.
Authorised and regulated by the Solicitors Regulation Authority www.sra.org.uk SRA Number: 570089.