Homemade wills and lasting power of attorneys: common problems and pitfalls
Available from: 21/03/2025
This webinar emphasises the importance of working with clients to create and regularly review wills while identifying and addressing potential issues arising from homemade wills and lasting powers of attorney (LPAs) prepared without professional guidance. You will gain the skills to spot common pitfalls in the drafting and administration of these documents, which can lead to costly disputes and challenges for families.
Free Wills Month runs throughout March 2025 together with Update Your Will Week which is being run by the Association of Lifetime Lawyers. Families are often incredibly complex and there is often a misconception that making a lasting power of attorney and/or a will is expensive, which is often not the case. However, the failure to make a lasting power of attorney and/or will with a professional can lead to more costly mistakes in the long term and to your loved ones having to pick up the pieces when you no longer have capacity and/or you have died. Homemade wills and lasting power of attorneys are one of the big reasons behind the increase in will disputes and challenges.
Topics covered include:
- Key life stages: when to consider making an LPA or a Will. Working to protect you and your family…
- Key considerations before preparing an LPA or a Will
- Why use a professional: solicitors, will writers, and DIY
- Potential pitfalls with homemade LPA and Wills: from drafting
- Common mistakes and horrors: examples of where it goes wrong
- Potential claims:
- Poorly drafted wills
- Failed and/or adeemed gifts
- Invalid wills
- Inheritance tax and/or other consequences
- Planning for the future with LPA’s, wills, and trusts – practical tips and suggestions
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