KamleshSamji

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So far KamleshSamji has created 28 blog entries.

LEAVING LEGACIES TO MINORS: THE PROS AND CONS

Most parents want to give their children, or other close relatives, the best start in life. As such, many may consider leaving gifts to these people. This could be specific items, or sums of money - legacies. But some people prefer to put an age stipulation on when the beneficiary can receive this legacy. Here, [...]

2019-09-09T17:24:16+00:00 October 28th, 2019|Will writing|0 Comments

3 COMMON MYTHS ABOUT WILLS DEBUNKED

For something as important as making a will, there are many incorrect misconceptions around it. Wills, in fact, are often greatly misunderstood when you go beyond the basics of what they do. While many people know how important it is to have one in place, not everyone knows about them in detail. This is actually [...]

2019-09-09T17:20:14+00:00 October 24th, 2019|Will writing|0 Comments

THINGS TO CONSIDER WHEN PREPARING YOUR WILLS

Writing a will is important regardless of your age as it means that you have clearly stipulated how you want your estate divided after your death. There are nuances that one should know before writing a will, keeping in mind that a defective will cannot be enforced, and this might result in your assets landing [...]

2019-09-09T17:16:53+00:00 October 21st, 2019|Will writing|0 Comments

INHERITANCE TAX PLANNING IS ESSENTIAL FOR MANY PEOPLE

Inheritance tax (IHT) planning can be an essential activity for many people as they reach an older age. Ultimately, if you don't want to leave almost half of your estate to the government, it's important to work out ways to leave as much as possible of the property you own to the people you love. [...]

2019-09-09T17:12:27+00:00 October 17th, 2019|Will writing|0 Comments

MY MUM HAS DEMENTIA, DOES THAT MEAN SHE CAN’T PREPARE A LASTING POWER OF ATTORNEY?

It’s a sad fact of life that many of us should think about helping our loved ones organise a Lasting Power of Attorney (LPA). But what if your mum, for example, is diagnosed with dementia? Does this mean that she can’t prepare an LPA? You might be surprised to know that just because she is [...]

2019-09-09T17:05:12+00:00 October 10th, 2019|Lasting Power of Attorney|0 Comments

I WANT TO PROVIDE FOR MY PARTNER, BUT I’M WORRIED ABOUT THEM REMARRYING AND MY KIDS LOSING OUT

Many married couples make wills that leave everything to each other when they die. The biggest and most apparent advantage of this approach is that the remaining spouse gets everything and can do as they wish with the estate. The disadvantage, however, is that your spouse can then give away parts of that estate to [...]

2019-09-09T17:25:04+00:00 October 7th, 2019|Contested Will, Probate, Will writing|0 Comments

HOW PROBATE WORKS WHEN YOU CAN’T FIND THE WILL

At death, the affairs of the deceased should be wound up, their debts settled, and their remaining estate distributed to the beneficiaries. The entire process is referred to as ‘probate’, and it could differ depending on whether the deceased died with a will or without a will. In some instances, you may be sure that [...]

2019-09-09T16:57:41+00:00 October 3rd, 2019|Contested Will, Probate, Will writing|0 Comments

DO YOU WORRY ABOUT PAYING CARE FEES LATER IN LIFE?

If you own your own home and are wondering about entering residential care, you're probably extremely worried about the potential costs of care fees and their likely impact. Many older people have substantial equity locked into their homes and hope to pass this accrued wealth on as inheritances after they die. However, care home fees [...]

2019-09-09T16:52:54+00:00 September 30th, 2019|Will writing|0 Comments

3 THINGS YOU (PROBABLY) DIDN’T KNOW ABOUT INHERITANCE TAX

Inheritance tax, (referred to as IHT), can often be a confusing aspect of inheritance, for both the people writing the wills and the beneficiaries too. However, like with many aspects of finance, law and tax, inheritance tax is not as confusing as it may first seem. I know how important it is to understand these [...]

2019-09-09T16:48:40+00:00 September 26th, 2019|Will writing|0 Comments

COMMON MISTAKES TO AVOID WHEN MAKING A WILL

Writing a will is one of the most important things you can do in your life. Unfortunately, many mistakes can be made which can often lead to disputes after you are gone. It’s important to make your will watertight and here are some key mistakes to avoid. Letting It Get Out Of Date As soon [...]

2019-10-06T22:47:12+00:00 September 23rd, 2019|Will writing|0 Comments