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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

WHY DO I NEED A LASTING POWER OF ATTORNEY?

Lasting Powers of Attorney can make all the difference to your peace of mind if you are elderly as you may find it impossible to make your own decisions at some point in the future. When you have a Lasting Power of Attorney in place, you can rest assured that your appointed Attorneys will be [...]

2019-09-09T16:22:51+00:00 September 19th, 2019|Lasting Power of Attorney|0 Comments

MENTAL CAPACITY AND WRITING WILLS

For a will to be legally valid, the person making it must have what is known as ‘mental capacity’ to do so. Mental capacity has a specific meaning in law, which is defined in the Mental Capacity Act 2005. The Mental Capacity Act applies to a number of areas of law, but the guidance which [...]

2019-09-09T16:17:36+00:00 September 16th, 2019|Will writing|0 Comments

3 REASONS TO GET YOUR WILL SORTED OUT

Taking the time to sort out your will is arguably one of the most important things you can do. It not only helps your family once you have gone but is also worthwhile in terms of your own wishes too. Many people in the UK though, still put off sorting their will out. This can [...]

2019-09-09T16:13:02+00:00 September 13th, 2019|Will writing|0 Comments