In each edition of our newsletter, we’ll aim to explain a particular aspect of the law in order to enable you to judge the implications for your own particular circumstances. This edition focuses on Lasting Power of Attorney, which supersedes the former Enduring Powers of Attorney, a legal mechanism allowing people to plan for a time when they…
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Wills, Trusts and Probate
What is a Living Will? Your Decision. You may have heard of the term ‘Living Will’ which is the common name for an ‘Advance Decision to Refuse Treatment’. An ‘Advance Decision’ is a legal document that sets out medical treatment or procedures you wish to refuse if, through accident or illness, you are unable to…
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There are many benefits of making a Will. They give you the opportunity of ordering your affairs after your death. Though the idea of contemplating one’s death is something many people feel reluctant about, however it is important to be prepared. By leaving a Will, you are in control of how your property and affairs…
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For most people their home is their most valuable asset. It is therefore important to know the options available to you when you pass away. If you purchase a property in your sole name, this will form part of your estate when you pass away. If you pass away without leaving a will you have…
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We all know how important it is to prepare for the future but when it comes to making a will this is something that many people put to one side. For many of us we simply don’t like thinking about our own mortality, or indeed feel this is only something we need to do when…
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News that Prince died without leaving a will is echoed by a You Gov survey showing that almost two thirds of British people do not have a will. The Citizens Advice Bureau says the number of enquiries about how to deal with an estate where there is no will has more than doubled over the…
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New research has been published by Alzheimer’s UK estimating that one in three people will now develop dementia, the most common form being Alzheimer’s disease. Dementia results in the loss of brain cells. Alzheimer’s UK state that the biggest risk factor for developing dementia is age and with people living longer than ever, the numbers…
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News from the Conservatives that they are following through on their pre-election pledge to raise the inheritance tax threshold to £1 million has been welcomed by families. However, the new rules are not as straightforward as they first appear. Currently every person has an inheritance tax threshold of £325,000. Any assets above this amount are…
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