Although not a pleasant thought, when planning for the future it is not just the financials that need to be discussed. If you have children, what happens to them if the worst should happen should be considered, such as who will look after them and where they will live. When guardianship is entered into a
What Happens To My Children If I Die? Read More »
There has been much focus on Lasting Power of Attorney’s (LPAs) recently, especially as they are important for those who have lost capacity and require people they trust to manage their affairs. There has been less talk about Lasting Powers of Attorney for businesses which can provide protection for a business owner, providing a safety
How can I protect my business? Read More »
Once you have thought about what you want to do with your possessions, and who you would like to leave them to, what should you do with your completed will? If your Will cannot be found by those closest to you, you may as well not have written one! Your possessions will be passed down
Where should I keep my Will? Read More »
Many people like to leave a gift to charity in their Will by way of a legacy which not only benefits the charity but also has tax benefits for the donor. When an estate is valued at greater at £325,000 or more it becomes liable for Inheritance Tax, which is charged at 40%. By leaving
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The Ministry of Justice (MoJ) has announced that it has temporarily legalised the witnessing of wills by video, in an update to legislation that is over 150 years old. The amendment recognises the challenges presented by the Coronavirus crisis of witnessing wills in person due to social distancing requirements. The MoJ has backdated the implementation
Video Will Witnessing Legalised in England & Wales Read More »
Probate is not a topic of conversation that many wish to have, but most people will have to deal with probate at some point in their life, so it best to know what the process is and what is involved. What is needed to distribute a person’s estate? When a person passes away and leave
When a person passes away, the people named as beneficiaries have various rights when it comes to the administration of how the deceased’s estate is distributed and how any trusts are being administered. As a beneficiary under a will, you only have a legal right over the share of the inheritance only when it has
What are the rights of the beneficiary to my will? Read More »
Although associated mainly with those who are either ill or elderly, a Lasting Power of Attorney , or LPA, can be useful for any person at any stage in their life. With the current pandemic, it has brought to light the importance of loved ones or those you trust, to be able to manage your
Which Lasting Power of Attorney Do I Need? Read More »
The person appointed an executor in a will has been entrusted, by the deceased, to arrange the payment of the estate’s debts and expenses as well as the distribution of the deceased’s property. The role of an executor is not an easy one, or one to be taken lightly. They will have a legal responsibility
Appointing an executor to my will Read More »
When a person passes away without a will or had a will that was considered invalid, they are considered to die ‘intestate’, If you pass away without a will, what happens to your estate will depend on the intestacy rules depending on where you live in the UK. The rules follow an order of succession
If I don\’t leave a will, what happens? Read More »