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My 3 year old daughter arrived in my bedroom at 4:30am having just woken from a nightmare about Elsa, from Disney’s Frozen.  Not exactly ideal, but an early morning wake-up call with a complimentary cuddle isn’t such bad way to start the day.

Anyway, as these things often tend to do, it got me thinking.  12 hours earlier I had been sat in my office talking to other parents going through questions regarding their children, their home, where they wanted to be buried – as you tend to do in my business – and who they would want to look after their children if they passed away.

Some of this they found odd, even humorous at times because they were young, but they did it anyway and now they are the proud owners of a Will and a Power of Attorney.

One of the questions I typically get asked by younger people is, “Do I really need a Will?”  There is often the assumption with younger people that because your financial circumstances are perhaps simpler and you don’t necessarily own very much, a Will is not necessary.  However, making a Will is often not about things, it is more about people and the people you care about most.

The legal documents every adult needs

There are two legal documents every adult needs to have. Each one needs to be signed, dated, and witnessed as necessary and kept in a safe place that someone else knows about and can find . This is not optional. If you have read this far, don’t stop now.

Why you need a Power of Attorney

A Power of Attorney is a document enabling you to designate one or more people to handle the financial aspects of your life should you become temporarily or permanently unable to do so due to mental or physical incapacity (accident or illness). This allows the person that you choose to carry out simple tasks such as paying your bills, setting up or cancelling insurance or direct debits etc. In fact, for almost all of those financial situations (large or small) when someone asks you to sign something or to confirm your identity before they will discuss matters with you.

Why you need a Will

A Will is essential at every stage in life. If you have young children, it will give you the chance to legally name their guardians if you should die before they are 18. Your Will also names the person (or people) who will handle your assets, in your place, should you pass away. In later life, a Will is where you might do your Estate Planning, look after your spouse, protect your wealth for your children, as well as making a Trust to ensure that your property is not taken in Care Home Fees.

To talk to me about making a Will or a Lasting Power of Attorney drop me a line through LinkedIn or e-mail me directly pbaldwin@braybray.co.uk. Bray & Bray have three main offices across Leicestershire, feel free to phone or pop in to talk to our solicitors.