Should i make a Will, Trust or Lasting Power of Attorney?
Should i make a Will, Trust or Lasting Power of Attorney? When you have a professionally drafted Will, Trust or Lasting Power of Attorney put into place, it will allow you to: 1. Name guardians within your Will to ensure that your choice of who you want to look after your children is legally binding […]
Divorce – How does this affect my Will?
Divorce, how does this affect my will? Is my Will Revoked if i get divorced? Getting divorced does not revoke a Will! Will my Will from before I was married now be valid again? If you had a will previous to marriage, this will not be able to now be used after divorce because legally […]
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Do you have Children under 18?
As a parent or parents of children under the age of 18, although not a pleasant thought, when looking at your estate planning and putting your wills or will into place, it is not just the financials that need to be discussed. If you have children under 18, what happens to them if the worst […]
What is a Power of Attorney?
What does a Lasting Power of Attorney do? A Power of Attorney (LPA) is probably just as important as your Will. An LPA appoints an individual to serve as the ‘attorney’ or legal representative of someone who has become incapacitated due to being rendered incapable of deciding or communicating their own wishes. These decisions include […]
Would your nearest and dearest be able to inherit and run your business successfully?
As a business owner, you’ve probably spent years, and possibly even decades, building up a successful enterprise. If you’re approaching retirement, or just thinking about getting your affairs in order, the future of the business may well be on your mind. Unless you have a clear successor, you’ll need to nominate a person, or persons, […]
Should I make all my children attorneys on my LPA?
Your Lasting Power of Attorney (LPA) is an important document. It gives your chosen attorney the power to deal with your affairs on your behalf, should you lose the capacity to do so yourself. But is it a good idea to appoint your children? You can make an LPA giving someone the power to deal […]
Your Lasting Power of Attorney Questions
Lasting Power of Attorney Questions? It is always advisable to have a Lasting Power of Attorney (LPA) in place to ensure that a trusted friend or family member can deal with your affairs on your behalf, should you become unable to manage them. We take a look at the decisions you will need to take […]
Survey finds that three-fifths of UK adults do not have a Will in place
Financial services firm Canada Life says that 59 per cent of adults in the UK have not made a Will. This means that some 31 million people have not chosen who to leave their estate to. Who doesn’t have a Will? The study found that , 22 per cent of those without a Will are […]
Who will inherit your property when you die?
If you jointly own a property at the time of your death, your share will not necessarily pass to the other owner. We take a look at the two different types of joint ownership and what happens when one owner dies. When you buy a property with someone else, you have the choice of owning […]
