Debunking 5 myths about Wills & LPAs to help you plan with confidence
Many people delay making a Will or Lasting Power of Attorney (LPA) because they believe it’s something to think about later in life. But in truth, planning ahead is one of the most important things you can do for your peace of mind and for those closest to you.
Below, Wills and estate management expert Elnora Terakopian breaks down five commonly misunderstood beliefs that often prevent people from putting proper plans in place.
- “We’re married - we don’t need a Will or LPAs.”
This is something we hear a lot. Many couples assume that being married, or in a civil partnership, means your spouse can automatically make decisions for you or inherit everything you own. But that’s not always the case.
Without a valid Will, your assets may not go where you expect them to. And without LPAs, your partner may not be able to manage finances or make health decisions on your behalf if you lose capacity. Having both documents in place ensures you're looking after one another properly, whatever the future holds.
- “I only need a Will, LPAs aren’t as important.”
A Will takes effect after death whereas LPAs protects you during your lifetime. If illness or injury leaves you unable to make decisions, no one – not even family – can automatically step in to manage your affairs or make healthcare decisions. LPAs grant trusted individuals the legal power to support you without delay or distress.
- “We live together so my partner will inherit everything.”
Living together doesn’t give you the same rights as being married or in a civil partnership. If you die without a Will, the law does not automatically recognise your partner, no matter how long you've been together.
They could be left with nothing and may have no say in managing your affairs if you lose capacity. Putting a Will and LPAs in place is a simple but effective way to protect each other.
- “My recent marriage won’t affect my Will.”
Getting married automatically revokes any existing Will. This means if you’ve recently married and haven’t updated your Will, your wishes may no longer be valid.
If you don’t update your Will after marriage, your estate may not be distributed according to your wishes. This is especially important in blended families or when managing complex assets. Reviewing your Will regularly helps avoid unintended outcomes.
- “Wills and LPAs are only for the elderly.”
This is one of the biggest myths of all. Future planning isn’t just for later life – life is unpredictable, regardless of age. Whether you’re in your 30s or 60s, future planning offers peace of mind and control over how your affairs are handled. Wills and LPAs help ensure that your loved ones, assets, and responsibilities are protected, whatever happens.
Take control of your future
Making a Will or LPA isn’t something to put off until tomorrow. It’s a way of taking care of the people who matter to you today.
At Owen White Catlin, we’re here to guide you through every step. Our approach is friendly, thoughtful and always tailored to your individual needs. We’ll help ensure your wishes are clearly recorded, and your family is protected from unnecessary stress.
If you’d like to talk through your options or simply want to know more, please get in touch with our team today by calling one of our office numbers or use our online enquiry form.