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When a person dies, their debt does not die with them. It can be a common misconception that the debt is written off but this is for the most part untrue. After someone dies, their estate is handled by one or more executors. Or an administrator if they do...
A power of attorney is useful in the instance that a person becomes incapacitated, or in need of help with making decisions. This can include decisions on their finances and their health. The types of power of attorney include ordinary power of...
Inheritance tax is complicated and there are all sorts of exemptions and allowances. So when tax planning you should always take specific advice from a solicitor or accountant. In simplest terms if you have property and assets, including a house or...
Divorce operates to treat your ex-spouse as if they had predeceased you on the divorce . That means that they cannot inherit under any pre divorce Will but it could mean, depending on the terms of that Will, that your estate or parts of it fall to be...
You should definitely review your Will if you move house. Although you may not need to make any changes, you should at least make a note to store with your Will of your change of address. An incorrect address on a Will does not usually affect the validity...
If you have already made a Will, you are already one step ahead in managing your affairs as we all know, it is not an enjoyable process to have to go through although essential. If you have made a Will, you should review your provisions whenever your...
If you pass away without a Will and are married or in a civil partnership, depending on the value of your assets you may be surprised to hear that your spouse may not receive all of your estate automatically. If you do not have a Will...
It is possible that any one of us could lose the capacity to manage our own affairs at some point in the future due to a variety of reasons such as illness, age, accident or injury. A Lasting Power of Attorney (LPA) allows you to choose someone you...
There is no law on how a Will should be stored. It’s up to you what you want to do about storing your Will but there are some common sense thoughts. It does need to be kept somewhere safe, where it won’t be lost, inadvertently damaged or...
A Power of Attorney can be very useful because it can allow someone to help manage someone else’s affairs. It is particularly useful for assisting people who may be living with dementia and who may need that kind of help. However it’s...
