Lasting Power of Attorney with the Royal British Legion
Lasting Power of Attorney should be put in place by all Service Personnel, taking into consideration the active service they provide us.
Losing mental capacity is something that any one of us can endure, whether it be from sustaining a head injury during active duty or contracting Alzheimer's disease, we can all be affected.
This is why The Will Associates are here to help all former/active service personnel by offering discounted Lasting Power of Attorney and Wills. We are a market leading estate planning company who have a strong affinity with the British Forces, after all, two of our company directors are former Army and RAF regiment.
As a company, we donate 5% of our profits to our chosen charities, one of which is Help For Heroes. You may have seen or heard about our charity cricket match against them? (We won't mention who won!).
What is a Lasting Power of Attorney (LPA)?
There are two types of LPA:
A "Property and Financial Affairs" LPA gives your Attorney the authority to deal with buying and selling your property, your bills, bank accounts and investments.
A "Health and Welfare" LPA covers decisions about health and care and even deciding where someone is to live. This can only be used if someone is incapable of dealing with such matters themselves.
At The Will Associates, we are giving all members of The Royal British Legion 10% off any Lasting Power of Attorney taken out with us. All you have to do is show us your membership card and number. Simple!
Other services we provide are:
• If you die without making a will, you are then referred to as having died 'intestate'. If this occurs, in England and Wales the rules of 'Intestacy' define how your estate will be distributed. Therefore, your loved ones will have no power over the inheritance of your estate.
• Without making a Will, the process can be very time consuming and stressful. Especially, when your family and friends are emotionally drained from their bereavement.
• If you die without having any living close relatives, your whole estate will belong to the Crown or to the government. This law is known as 'Bona Vacantia'.
Trusts have been around for centuries and have developed through the law of equity and in modern times are often used by hospitals, banks, charities and the Government. An Asset Trust is an arrangement where either property or assets or both are given over to one or more persons who will be nominated as Trustees who will administer the Trust.
Once an Asset Trust has been created, you can use it to 'ring-fence' your assets. Most people will protect their home and their savings, leaving capital in their bank or other savings accounts for ongoing living expenses. Income from savings protected within the Trust can be paid directly into your bank account to supplement income from earning or pensions.
Just like a safety deposit box, an Asset Trust can be added and removed from the trust during your lifetime. If you have large expenses that cannot be met out of normal income, like a new car, holiday, or house repairs, the appropriate sum can be transferred to your bank account from the Trust.
• Not wanting to leave a financial burden for your relatives.
• Protection against rising funeral costs.
• All the funeral arrangements are taken care of with one phone call.
With a Funeral Plan from our preferred plan provider, you choose the funeral you want, and then pay for your funeral director's services at today's prices.
When arranging your Funeral Plan, we work with the UK's largest independent funeral plan provider, to ensure that the process is very simple and we give flexible payment options.
For any additional information contact The Will Associates today by calling us on 0800 8477 212 to arrange a free, no obligation consultation at a time convenient to you and your loved ones, in the comfort of your own home.