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Everyone knows that making a Will is sensible. Only 20% of the population have made one. Without a Will your assets will not necessarily go to the person you would expect. It may go in avoidable Inheritance Tax, or be used up in litigation. Social Services may decide who will look after your children.
As we live longer we also need to prepare for the possibility that a member of the family lose the capacity to make sensible decisions. Some people already make Enduring Powers of Attorney to be ready for this. The new Mental Capacity Act will bring the law up to date. It will affect everyone who may lose capacity to make decisions about their finances, health or welfare. Anyone who has experienced issues of mental capacity mental health and learning disabilities in their own family knows how distressing it is.
Planning ahead can make a real difference. It can avoid problems for people who lose their mental capacity. It also gives peace of mind to their relatives and carers. Don't leave a mess for your family to sort out.
Contact the Wills, Trusts + Probate Department at Harris + Harris
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