There is a common misconception that if you have chosen a next of kin, you do not need a Will or a Lasting Power of Attorney.
The term ‘next of kin’ is usually used to describe someone’s closest relative. Some people who do not have a close relative call their closest friend their ‘next of kin’. However, there is no legal concept of next of kin, and they do not have any legal rights or authority to make any decisions on your behalf.
Appointing somebody you trust under a Lasting Power of Attorney gives legal authority for the Attorney to assist you if ever required.
Appointing people to deal with your estate as your Executor(s) and naming beneficiaries in your Will ensures that upon your death they will have the legal authority to deal with your affairs.