Act Fast and Get Power of Attorney or Wills in Norwich Drafted!

No one likes to mull over creating wills in Norwich and unfortunate circumstances such as grave injuries, illnesses or death. However, one has to consider the bitter facets of life for the sake of loved ones. If you don't plan your estate when you have the time, chances are you may never be able to. In such cases, the government distributes assets to the beneficiaries. Two main tools that can help you plan your estate or give power to someone to act on your behalf are creation of a will or Lasting Power of Attorney in Norwich.

Wills

A will is nothing but a document that states your wishes and instructions regarding the distribution of your property after your death. A will is not just any statement but a legal document that undergoes required formalities to come into effect. If you create a will, it should include all your property including land and homes, furniture, artwork, jewellery, investments, insurance policies, bank accounts, etc. The sooner people get in touch with solicitors to create Wills in Norwich, the better.

This is necessary because the will needs to be validated. Only a valid will can be accepted by the court. If your will isn't in the right format, the court reserves the right to unenforce it. A will needs to be in writing and it should bear the name and signature of the deceased. Moreover, at the time of the will being signed, two witnesses are required to sign as well.

Power of Attorney

A Lasting Power of Attorney in Norwich is a document that details your approval in allowing someone else to take care of your business. A person may entitle an individual or a company to handle their business. The need to do so arises when the person is incapable of handling business by themself.

If you plan your estate, you will be able to distribute it according to your wishes.