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  • Help and plans for family after death?

    Hi….. can anyone help with any advice on how my family will be able to access things like our bank accounts/ mortgage accounts/life insurance  etc after our deaths….. will they need to get a solicitor involved or is this something they can do themselves once we’ve left all details for them in our wills?

    Don’t want to sound morbid but in these uncertain times,  we would like to at least let them know what they need to do…..

    Any help or general advice will be most appreciated…..

    Posted by lelburge28
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    • Reply by peterlaw23

      Hi

      Have you considered Lasting Power of Attorney (LPA’s)? If you use the official UK Government web-site setting up is free but there is a publishing fee of around eighty pounds sterling (GBP). It is my understanding, but please check it for yourself, that should you, heaven forbid become incapacitated or die these documents confer authority upon your chosen executors to make decisions on your behalf. There are two forms of the document one is how you would like to be cared for should you not be able to make your own decisions (Health/End of life care) and the other deals with financial matters. BE CAREFUL! I stress using the official UK.Gov web site other web-sites look official but are generally Companies looking to charge and make profit.

    • Reply by jackiej1

      Hi Lelburge 28,

      Yes

      Based on my own experience of my brother passing away. I believe you contact the organisation and let tell them whats happened. they will then direct you. I don’t know the exact procedure unfortunately.
      However I wanted to let you know that the organisations involved seem to be very understanding and helpful in these circumstances.
      It would  be helpful if you had all your important documents in one place. Your passport, insurance documents, bank details etc. Ten let your family members know where to find them.

      I don’t know what happens when it comes to sorting out a will.

      I hope this is useful.

      • Reply by itshelsbels

        Hi there

        Whilst it’s not always a conversation we want to have with our nearest and dearest, it is an important one. People may talk about the grief of losing a loved one, but it’s not often that we openly discuss the amount of ‘stuff’ there is to deal with and just how draining that administration can be – even for a simple family structure. Just knowing where to find everything is of great assistance. The ‘how’ part of your question is very dependent on your specific circumstances, the complexity and value of your estate, how many people will be involved, who you have nominated as executor etc.

        The Government section what to do when someone dies, is a very helpful, step-by-step guide to what needs to happen, including links to the incredibly helpful “Tell Us Once” service, which takes over the job of notifying your death to most of the key Government agencies. This service may also be offered by the Registrar when they go to register your death. There is also a section on applying for probate as it is not required in all circumstances.

        As Jackie says, it is so helpful to have as much information in one place and accessible. This is a list of things that it would have been helpful to have known, based on my personal experience of losing my Mum last year, very suddenly (it’s not in order of priority, I’m afraid). The very act of trawling through lots of paperwork to find this information was, at times, tough going.

        1. Will – is there one (there should be!), when was it last updated and where is the physical copy lodged/stored?
        2. Who you have appointed as executor(s). Although this will be outlined in your will, if you have the will lodged with a law firm, I believe that only the name executors can access it, so it’s helpful for them to know who they are
        3. Do you have any Lasting Power of Attorney in place for health, financial, property or other matters?
        4. Where to find your key information – drivers’ licence (keep a note of it somewhere, too), passport, national insurance number, birth certificate, marriage certificate
        5. Bank and building society accounts – which banks, all numbers and sort codes
        6. Medical – GP, dentist, specialists, opticians
        7. Lawyers, accountants, other professional advisers
        8. Pensions – which companies, what sort of pension and whether there are life or other policies attached
        9. Insurances – life, house, contents, gadgets, car, boat, antiques, funeral costs
        10. House – is it owned or rented? Who is the landlord? Is there an outstanding mortgage? Insurances? Is there a management company involved such as in assisted living? Which county collects Council Tax?
        11. Utilities providers – power, phone, internet including any extra cover plans such as for the boiler
        12. Investments or shares
        13. Vehicles – registration details, where you keep the log book, any extended warranty’s or service arrangements, insurance, road side assistance
        14. Letter of wishes – sometimes forms part of the will but will usually cover less valuable and more sentimental items. For example, you want the portrait of Great Auntie, which is worth nothing financially, to go to your eldest daughter etc. It can also cover how you would like your funeral to be conducted
        15. Pets – vet, medications

        AgeUK have a guide called “Thinking About End of Life” which covers both the practical steps we can be putting in place and also encourages us to think about the medical aspects, too.

        I may have missed some things hope that helps. I’m aware it looks quite overwhelming, so please don’t let this be a source of anxiety – even a few of those things covered off, collated in advance or clearly outlined will be of great comfort and help to your family. Even a tidy filing drawer or concertina file is helpful.

        • This reply was modified 4 months, 3 weeks ago by Helen Burns. Reason: Remove html prompts
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