There are two documents which can offer you and your family significant protection for the future – a will, and a Lasting Power of Attorney.
While a will details what you wish to happen to your finances and estate after your death, a Lasting Power of Attorney, known as an LPA, allows you to nominate a trusted friend or relative to make decisions on your behalf should you lose capacity. Arranging an LPA online is easy, thanks to specialists like //powerofattorneyonline.
Once these documents are signed, you may wonder where it is best to store them. Let’s take a look at some sensible advice.
Solicitors’ Offices
Undoubtedly the most sensible option for storing your will and LPA is with a solicitor. By safeguarding the original copy of your trusted documents, a solicitor’s office can ensure your wishes are granted.
The executor of the will can access the will quickly and easily through the solicitors’ firm.
Probate Service
You can store wills with the government’s official storage service, the Probate Service. Documents are kept securely and can only be accessed by you or someone you’ve authorised, according to Gov.UK’s website.
Bank Deposit Boxes
Another option is to use a bank deposit box. While these are a safe location, there can be a problem with this option, in that when a person passes away, the bank may place a pause on anyone being able to access the contents of the box until the executors can be certain about who has permission.