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 … Read more
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 … Read more
Sideways dis-inheritance is the phrase used to describe when children, often unintentionally, end up losing out on their share of their parents estate due to remarriage. This short videos explains it. Contact us for a no obligation consultation on 01603 927273 or 01362 288582
A quote from Kate Garraway’s interview in Hello Magazine: “There are a lot of financial goings that I’ve talked to you both about going on, which is making life very complicated because I can’t get access to things.” Kate Garraway She added: “Because legally, I haven’t got power of attorney. And all this other stuff … Read more
I’m sure many of you saw this on the news last week and sympathised (like myself) with the family! Legally the Care Home were responsible for the 97 year old lady and The Police were correct in their actions. https://www.msn.com/en-gb/news/uknews/a-woman-was-arrested-for-trying-to-take-her-97-year-old-mother-out-of-a-care-home-heres-what-happened/ar-BB1aIeu5?li=AAnZ9Ug&ocid=mailsignoutmd Could things have been a lot easier for this family if they had also … Read more
63% of adults in the UK haven’t prepared a Will. These people are leaving everything to chance, from what will happen to their body and funeral to who inherits their estate. In fact, having no Will could end up costing your family a higher price than if you had written one. This could prove to … Read more
If you’ve been left money or a share in someone’s estate, you may be wondering what liabilities you have. Do you need to pay tax on the money, and who is responsible for clearing any debts the deceased may have left? After someone dies, their personal representative is responsible for winding up the estate. It … Read more
Having a will in place is essential if you want the final say in what happens to your business and other assets after you die. If you die without a Will, everything you own – including business and non-business assets – will be distributed under the laws of intestacy. This means that you or your … Read more
For a will to be valid: it must be in writing, signed by you, and witnessed by two people you must have the mental capacity to make the will and understand the effect it will have you must have made the will voluntarily and without pressure from anyone else. You and the witnesses must be … Read more
You can write your own will and you can buy packs from shops or online to help you do this. However, except in the simplest cases, it is generally advisable to use someone who specialises in drafting wills. If it’s not written properly it may prevent your wishes being carried out and can cause difficulties … Read more