Importance of Having a Will and Power of Attorney

Having a will is crucial for anyone with assets who wants to decide where they go after their death. Not having a will means that the intestate laws will determine the distribution of assets. Additionally, power of attorney is vital for making decisions and managing finances in case of incapacity. It is particularly important for cohabiting couples who are not married, as they may not have legal entitlement to each other's assets. October is Free Wills Month, offering free solicitor-drafted wills for individuals aged 55 or over. Will Aid, a bigger scheme, is available in November for those aged 18 and older.