ARE you ready for death? It’s an awful question, but one that might be worth thinking about – because, it comes with a lot of administration and if you don’t get this done right, the possibility of a lot of added expense.
November is a great time to get started as James McNulty & Co are running their Wills Month giving a 50 per-cent discount on making your will and asking clients to make a donation to their favourite charity in lieu of the saving.
Without a will legal defaults kick in which means that, while property and bank accounts held jointly will automatically pass to your spouse, the rest of your estate will not. A partner to whom you are not married will get nothing, nor will grandchildren but a spouse you loathe, but never quite managed to divorce, does.
If you have no family you might find it hard to be bothered about all this, but you still should, as your money will go to the Crown if you die without a will.
But while a will is a good thing to have, it is also the absolute bare minimum of end-of-life administration prep you can do; you should consider an Enduring Power of Attorney which are also discounted by 50 per-cent during November and are an essential element of avoiding nursing home fees.
Call James McNulty & Co today on 822 242 177.