5 NEW YEAR RESOLUTIONS YOU MUST MAKE…
It’s that time of year again where you will make New Year Resolutions. Ones which will make your life easier but that are given up a few months later.
This year, why not make a resolution that is both achievable and can protect you legally.
Here are 5 we urge you to consider…
1. MAKE A WILL
If you have assets, children or a partner it is important that you make a will. If you do not have a will in place, your assets will be passed down under strict intestacy rules where assets are transferred to immediate family members, not including unmarried partners.
Having a will allows you to choose who inherits your estate and ensures that your wishes are followed through after you pass away and most importantly provides you piece of mind that the people (or pets!) you care about are protected.
2. MAKE A LASTING POWER OF ATTORNEY
This is just as important as making a will. If you lose the mental or physical ability to deal with your affairs, no-one including your immediate family have the right to deal with your finances.
A lasting power of attorney allows you to decide who will deal with your finances.
3. PREPARE A COHABITATION AGREEMENT
If you are unmarried but live with your partner you need to consider entering into a cohabitation agreement. Currently, unmarried couples do not have a legal right to each other’s property or finances.
The agreement will set out each couple’s expectations should they separate.
4. FORMALLY END A SEPERATION
If you are separated from your spouse or civil partner it is essential you consider a divorce or dissolution.
Unless a divorce or dissolution takes place, you are still married meaning your spouse or civil partner still have the same legal rights in relation to finances and assets.
5. COME AND SEE US…
There is no problem or question too small for us to consider. Do not hesitate to contact us on 0161 427 0084 and our expert solicitors can assist you.
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