‘Putting your affairs in order provides an opportunity to think about how you wish to be treated and cared for, the legacy you will leave and how you might like your life to be celebrated,’ says private client partner Cerrig Parr.
Here are seven key things we recommend you consider:
Choosing executors or attorneys – ask people that you trust and help them to understand your wishes.
Preferences for care arrangements – you can incorporate preferences in a lasting power of attorney about the type of care you would like to receive and where.
Organ donation – since May 2020, adults in England and Wales are deemed to have agreed to donate their organs after death. If you do not agree, you need to opt-out and can do so at https://www.organdonation.nhs.uk/register-your-decision/
Funeral arrangements – we encourage you to consider your wishes as to religious preferences, the music, charitable donations, and arrangements to cover the costs, providing guidance to your family at a difficult time.
Your online accounts – leaving a list of account details with your will is extremely helpful and they can be stored together securely and safely.
Tax planning – the rules around inheritance tax and the various tax reliefs on property and business are complex, and professional advice should always be sought.
Family problems – disputes can unfortunately arise where there is uncertainty about someone’s wishes, where a decision might be unpopular, or if you disinherit someone. If you are worried about a dispute over your estate, you should speak to your solicitor.