Legal & Financial Preparation while Terminally Ill
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.