When you are making a will or a power of attorney, it is really important to pick your executors or attorneys with care. You obviously need to select people who are trustworthy and honest, who will respect your wishes. It is also vital that the people chosen are actually up to the job!
Your executors must understand money and take their duties seriously. Someone who struggles with their own finances or who keeps delaying important decisions is unlikely to be a wise choice. You should also consider whether your children are the right people, particularly if they do not get on very well. Brothers and sisters often end up fighting over what is best for you, or have grievances about perceived favouritism.
Think carefully and take advice!
A recent survey showed that over 60% of adults in the UK have not made a Will, and more alarmingly 74% of co-habiting couples do not have a Will. Without a valid Will, your loved ones will have little control on the inheritance of your estate. Take control and make your Will today.
At Ringrose Law, we understand your life is busy, and taking the time to make a Will can seem like a real hassle. We’ve lots of experience of helping people write their Wills and can ensure the whole process is fast, easy and as stress free as possible for you.
For further information on Executors and Attorneys contact our Wills and Probate team today at one of our offices in Boston, Grantham, Lincoln, Newark, Sleaford and Spalding.