Farms have often been held within a family for generations and handed down when the owner dies. That would be the case where the ownership is straight-forward. That said, farms can also have quite complex structures set up to run them. Sometimes groups of individuals or businesses form a partnership, a limited liability partnership or
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Setting up a Lasting Power of Attorney (LPA) allows you to know that if you lose mental capacity, either temporarily or permanently, in the future your affairs will be taken care of. In an ideal world, the person (or persons) you appoint as your attorney would be a trusted family member or friend. That said,
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How we look after older people requiring care is at the top of the national agenda at the moment, as the Government grapples with the care funding crisis. More people than ever before need care in their old age, with dementia a growing problem. According to the Alzheimer’s Society, there are now 850,000 people in
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Over half of people have not updated their Will. That’s according to a recent online poll. The survey found that while people have started to recognise the importance of Wills when it comes to establishing their final wishes, the majority are still unaware of the need to review them. However, life can change quickly, so
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Probate is the process of sorting out an individual’s money, debts, property and possessions when they have passed away. If you’re appointed the executor of someone’s will then you’re responsible for carrying out probate. The probate process There are 4 main stages of probate Assess the total value of estate and if it’s liable for
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Planning your Will may be the last thing on your mind as you’re packing your shorts and sun cream, but accidents and injuries happen when we least expect them. Of course, the chances of dying or sustaining a severe injury on holiday are slim, but if you have a Will in place it’s one less
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Money is tight for many of us today, with the economy far from stable. As a result, we all look to save money wherever we can, whether that’s cutting our food bill, changing the Sky package or moving energy provider. Wills are one area where some will look to make savings, perhaps by going the
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Queen Elizabeth II has been alive for longer than most of us and yet it seems hard to believe that she will one day die. However, there are many plans already in place to deal with this eventuality. The responsibility for dealing with the news first falls to the Queen’s private secretary, who will inform
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The Dowager Countess of Lucan has left her entire fortune to a homeless charity. The wife of Lord Lucan, who vanished more than 40 years ago, was found dead at her Westminster home last year. Aged 80, she took her own life after incorrectly diagnosing herself with Parkinson’s disease. The Countess left her entire estate
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According to figures from Carers UK, around one in eight adults in the UK acts as a carer for a loved one. That’s a massive 6.5 million people in total, and that’s only set to continue to grow in the coming years. Every day a further 6,000 people take on caring responsibilities, with the total
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