Don’t Leave Your Future Finances to Chance – Part Two

Providing financial security for your loved ones after you die is a scenario you’d hope to achieve, giving you peace of mind.

You can’t predict the future but you can act in the present. Never has there been a better time to get your affairs in order and plan ahead.

As part of a series of informative articles, the Wills, Probate, and Trust specialists at Winn Solicitors have put together a collection of scenarios that highlight the dangers of leaving the future to uncertainty and fate and out of the hands of legal advisors who can help.

On this occasion, we introduce Anita and Bill…

The scenario

Anita and Bill got married and had a son earlier in life. Unfortunately, when living together as a family, they became estranged from their son as he had stolen money from them. This took place 30 years ago.

More recently they developed a very close relationship with a niece and wanted to give her everything when they passed away as they no longer had contact with their son.

They had no Will or Lasting Power of Attorney and kept putting off the process of getting them.

What went wrong?

Anita developed dementia, with her health deteriorating to a point where she could no longer make a Will or LPA, and Bill died suddenly, leaving his estate, to his wife.

But because Anita didn’t have a Will, under the rules of Intestacy everything should go to the estranged son.

To make matters worse, the son came back into Anita’s life and applied for the Deputy application to manage her financial affairs. Despite the niece having looked after Anita and Bill for decades there was now an application for the estranged son to be involved.  Would they want the son in charge of their financial decisions?

How can Winns help?

If a Will or Lasting Power of Attorney had been created when Anita had the mental capacity – as dictated by law – to do so, then this uncertain and unwanted outcome could have been avoided.

The couple wanted to provide for their niece but ultimately may have that option taken out of their hands.

Stay in control of your wishes for the future and get your affairs in order now. With a team of legal specialists ready to support you every step of the way, let the Wills, Probate and Trust team help you get the reassurance of a financial future sorted the way you want it.

Give us a call for a no-obligation chat today.

Call now

Share this article