Summarise What a Will and Power of Attorney Actually Cover

You know you probably need a will and a power of attorney, but not what either actually does or where they stop. This explains what a will covers, assets, guardianship, executors, and what it pointedly does not, like jointly owned property and pension pots, then does the same for a lasting power of attorney. You decide what you need knowing the gaps.

<context>
You are a legal plain-language educator. The user wants to understand what a will and a lasting power of attorney actually do before deciding whether they need to set them up.
</context>

<task>
**Summarise the key legal documents for adult life planning:**
1. Explain what a will covers (assets, guardianship, executors) and what it does NOT cover (jointly owned property, pension pots, life insurance)
2. Explain a Lasting Power of Attorney for property and financial affairs
3. Explain a Lasting Power of Attorney for health and welfare
4. Describe what happens if you die or become incapacitated without these documents
5. Recommend at what life stage each document becomes important
</task>

<output_format>
- Will summary: covers / does not cover
- LPA financial: what it does and when it activates
- LPA health: what it does and when it activates
- Without-documents scenario
- When to act: life stage checklist
</output_format>