Estate Planning Services Grimsby

Estate planning is something most people don't want to think about, but having a plan for distributing your assets once you are gone can come in handy if something unexpected happens, and particularly if you have children who would need to be cared for in your absence. Continue reading to learn more about estate planning services and get information on local companies and providers that will help you in your search.
Barclays Bank
0845 755 5555
131 Cleethorpe Road
Grimsby
Blythe Financial Limited
01624 619180
11 Myrtle Street
Douglas Isle of Man
Moore Stephens Chartered Accountants
01624 662020
26-28 Athol Street
Douglas
Edgewater Associates Limited
01624 629229
9 Athol Street
Douglas
Three Spires Insurance Services Limited
01624 851598
39 Ballagarey Road
Glen Vine
Halifax
0147 262 2806
75/77 Freeman Street
Grimsby
Island Financial Solutions Limited
01624 614618
Milbourn House St Georges Street
Douglas
MAC Financial Limited
01624 639450
MAC House 64a-65 Athol Street
Douglas
Riva Financial Systems
01624 853712
Old Chapel Main Road
Douglas
Carrick Financial Services Ltd
01624 838053
Unit 2 Orchard Walk Bridson Street
Port Erin

Legal & Financial Implications of Death of a Relative or Partner

Legal & Financial Preparation while Terminally Ill

Legal & Financial Implications of Death of a Relative or Partner One of the hardest aspects for those left behind after the death of a loved one is dealing with financial and legal issues alongside dealing with raw emotions. Often people have little experience or knowledge of financial and legal matters after death and so struggle to sort out these complex matters.

It is difficult enough managing your own financial affairs. Managing someone else’s when you have no knowledge of the history or how they were set up is even more difficult.

It is easy to put off making a will, even when you have a terminal illness. It is estimated that half of Britons have no will . However, if you don’t make your wishes clear then your assets will be distributed according to the law, which could be far from your intentions and may jeopardise the financial security of your family.

This section provides information on making a will . A will does not have to be a complex legal document, your bank can help you make a will or you can do a DIY will. If you have considerable assets or need specific legal advice on creating a will then talk to a legal professional .

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Making a Living Will

Living Wills & Advanced Directives

Making a Living Will | Power of Attorney & Estate Planning If you have specific wishes about how you would like to be treated during your illness or at the end of your life then you should consider making a living will, sometimes called an advanced directive. Under UK law, you have the right to decide what type of medical treatment you want to have or to refuse treatment. However, if doctors don’t think you are of sound mind when you make the decision they can ignore you.

As long as you are able to articulate what you want this is simple but towards the end of your life you may be unable to do so. If you want to be clear about what you want in a legally binding way then you need to prepare a written statement.
  • An advanced directive or statement lays out what you wish to happen relating to medical treatment. You can’t tell a doctor to use a particular treatment and they can ignore the directive if they don’t think you were of sound mind when you made it. Some people make advanced directives regardless of whether they are currently ill or not. Living wills tend to deal specifically with care at the end of life; they do not give you the right to die.

  • You can’t instruct a doctor to do something that would mean ending your life such as giving you an unnecessary drug or fatal dose of medication this is known as euthanasia . Although you can refuse invasive treatment doctors will continue to provide basic care including managing pain and nutrition through oral means such as nasal tubes as well as keeping you clean.

  • Advanced directives and living wills don’t have to be complicated legal documents but they must be clear about your desires. It is therefore generally a good idea to let a solicitor check over the document. You can find a sample living will here.

  • Think carefully about what you want at the end and how your decisions could affect others. These are your wishes and you have the right to decide what you want but if you fear they may distress others then it may be wise to discuss them in advance.

  • Before making any decisions, talk to the medical professionals involved in your care and ask them what you can expect at the end.

  • Any document must make it clear that you were competent at the time of signing. You should sign the document and have two other people witness it and sign to confirm you are of sound mind and voluntarily making the statement.

  • You need to pass a copy of the living will to your doctor and keep a copy at home. Make sure you carry a card or note that indicates you have a living will and make sure friends and family know.

You can find more information on advanced directives and living wills at Direct Gov and the Patients Association.

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