Separation

If you have an existing Will which names your partner or spouse as beneficiary to inherit all (or some) of your assets, then this will still happen, even if you have legally separated and have made a separation settlement of finances.  This can include property, savings and your business.  If you haven’t yet divorced or made a new Will, the old Will still stands. 

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Don’t be afraid to talk about making a will or what happens after you’re gone – it could be one of the most important things you do for your family!

The New Year is a great opportunity to get around to things you have been putting off.  Making a Will, shows that you are thinking about the future of your loved ones, and that you care about them.

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What’s the difference between a Will and a Power of Attorney?

Will:  a legal document which deals with the disposal of a person’s estate when they die.
Power of Attorney: a legal document which appoints an Attorney to act on behalf of someone else whilst they are still living, but unable to deal with matters themselves – ie., due to losing their mental capacity or because they need to delegate the responsibility due to physical incapacity or other reason.

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You’ve made a Will, but when is a Will not Valid?

Anyone (of sound mind and over 18) can make a Will. Off-the-shelf or online kits are readily available, but it isn’t as easy as filling out the forms and ticking the boxes.

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You’ve finally got around to making your will after many years of putting it off, and as you sign, you give a sigh of relief that ‘everything is now sorted’. So how long should you leave it before you review or re-write your will?

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