The recent passing of Dame Patricia Routledge has prompted reflection not only on her extraordinary career but also on the importance of preparing for the inevitable.
The importance of planning ahead
As solicitors, we often see the consequences of poor or delayed planning. Whether someone is single, married, has children or lives alone, the legal implications of death or incapacity are significant.
There are several key areas where legal planning is essential:
1. Wills and estate planning
Without a valid will, an individual’s estate is distributed according to the rules of intestacy, which may not reflect their wishes. For those without close family, this can result in assets passing to distant relatives or even to the Crown. A professionally drafted will ensures that your estate is distributed according to your intentions.
2. Lasting Powers of Attorney (LPAs)
A Lasting Power of Attorney allows someone to appoint trusted individuals to make decisions on their behalf if they lose capacity. This includes both financial and health-related decisions. For those living alone or without immediate family, choosing the right attorney is crucial. Without an LPA, decisions may be made by someone appointed by the Court of Protection, which can be costly and time-consuming.
3. Funeral wishes
Setting out funeral wishes can ease the burden on those left behind.
4. Digital legacy
In today’s world, many people leave behind a digital footprint. Planning for the management of online accounts, digital assets and social media profiles is increasingly important and can be included in a will or separate documentation.
A thoughtful legacy
Dame Patricia Routledge’s legacy is one of brilliance, humour and grace, but a legacy need not be about fame or fortune. As Routledge’s life is celebrated, take her wisdom to heart and plan for the chapters yet to come.