Category: Wills and Probate
This is a question we are asked regularly by people who have been appointed as Attorneys under an Enduring Power of Attorney, or Lasting Power of Attorney and who are looking for some guidance on their role and responsibilities. It can be a complex area and cause confusion, so here we hope to give some […]
Having the peace of mind knowing that, were you to become too unwell to care for our own matters, you have an appointed person who will care for your property, finances, health, and welfare were you unable to care for them yourself is important. A Lasting Powers of Attorney (LPA) is the legal document that […]
Making a Will is one of those tasks that often gets overlooked, however the importance of having a Will is clear. Without a Will, your assets will be distributed following the rules of intestacy which might mean that your assets are passed to someone who you may not have chosen. However, whilst having a Will […]
When a loved one dies, you assume that all their property and assets will pass in line with either their Will or the Intestacy Rules but this is not always the case. Some jointly owned assets will automatically pass to the surviving co-owner, regardless of what the Will or Intestacy Rules say. Firstly we must […]
We would all like to make gifts to our loved ones and often people would prefer to make such gifts during their lifetime, rather than after their death, so that they can witness the recipient’s enjoyment of receiving the gift. Lifetime gifting can also be a very effective way of reducing the value of a […]
Not being able to find the Executor of a Will can be very frustrating for the beneficiaries, even more so if the appointed Executor is the sole Executor. This can lead to problems as, when someone dies, their Will becomes the property of the Estate and a firm of Solicitors, for example, will usually be […]
When someone loses mental capacity it can be an upsetting and difficult time for family and friends. This can be made even more difficult if the person who has lost mental capacity doesn’t have a Lasting Power of Attorney in place meaning that there is nobody with the authority to care for the individuals finances […]
As Private Client solicitors, one question we get asked repeatedly is whether you should gift your home to your children. This question usually stems from conversations in regard to inheritance tax and/or care home fees. Gifting your home to your children can be a great way to reduce tax liabilities and safeguard your most precious […]
Once you’ve made your Will, then that’s it right? Why would you need to review it or update it? Whether or not you need to update your Will depends very much on whether your circumstances have changed and if so, how. It may well be that your Will has been prepared in anticipation of the […]
