Howes Percival
A priceless gift – peace of mind
Courtney L’homme Howes Percival
In a world that often feels unpredictable, one of the most empowering things a person can do is to take control of their future - and their legacy. Two legal documents play a crucial role in this process: a will and a Power of Attorney. While often associated with later life, they are essential tools for adults of all ages, off ering peace of mind not only to the individual creating them but also to their loved ones. Making a will and putting a Power of Attorney in place
are acts of foresight. T ey ensure that your wishes are respected, your aff airs are managed the way you want, and your family is protected from unnecessary stress during diffi cult times. Without a will, the law decides who inherits your
estate. This can result in unintended consequences, such as distant relatives receiving your assets, or long and expensive legal battles. Similarly, without a Power of Attorney, if you lose the capacity to make decisions due to illness or injury, your loved ones may be forced to go through lengthy legal procedures just to manage your fi nances or make healthcare decisions on your behalf.
Why a will matters A will is a legal document that sets out your wishes for how your assets, property and possessions should be distributed after your death. It also allows you to name guardians for minor children, which is one of the most important decisions any parent can make. Putting a properly drafted will in place gives peace of
mind to you and your family. First, you gain confi dence knowing that your aff airs will be handled the way you choose – and by the person you choose. Second, it relieves your family from the burden of guesswork and potential disputes at a time when they are already grieving. Clear instructions reduce confusion and make the probate process faster and less emotionally draining. A will can include your preferences for your funeral,
messages to loved ones, or charitable donations - adding a personal touch that refl ects your values and personality. A carefully drafted will can also help to arrange your
aff airs in a way that will mitigate the impact of Inheritance Tax. T is tax charged (currently) at 40% of an estate’s value can be reduced using certain reliefs and allowances and sometimes by ensuring that particular assets pass down to specifi c family members.
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