Before answering the question itself, it should be explained that a Personal Representative (PR) is someone who is dealing with a deceased person’s estate. The term covers both executors (who are named and appointed in the Will) and administrators (who deal with the estate if there is no Will or no appointment was made). There …
With the war of words over the despatch boxes finally dying down, it is important to look at some of the more prominent changes being made by 2016’s Budget. Major Changes Relating to Financial Planning The Income Tax personal allowance will be increased from £11,000 to £11,500 in the 2017-18 tax year. The threshold for …
If you make a Power of Attorney, appointing people to manage your affairs, you have the right to revoke it at a later date. You must follow the correct procedure however and have the requisite mental capacity at the time. Your choice to revoke the Power has nothing to do with the opinions of your …
Know your right to revoke your Power of Attorney Read More »
Many couples in the UK choose to co-habit but not marry or have a civil partnership. Some do so under the belief that they will be protected by the fact that they have a “common law marriage” and will be treated much the same as a married couple in relation to tax, inheritance and many …
If you have been appointed as an executor under someone’s Will, there may be the temptation to deal with their estate without arranging professional guidance. However, a recent case has highlighted the potential pitfalls of doing this and demonstrates that, if any mistakes are made, the courts will not accept the argument that you were …
Taking the Law into Your Own Hands: The Risks of Acting as Executor without Legal Advice Read More »
We would like to wish all of our clients and contacts a very happy and healthy new year. We are rested and raring to go after the festive break and looking forward to making 2016 our best yet. We have a few projects launching this year – first and foremost is our very own book! …
In the recent case of Re AMH [2015] EWCOP 70, the Court of Protection has revoked a Lasting Power of Attorney appointing a daughter to act as her mother’s Attorney because she was ‘unsuitable’ to act. Suitability to act can mean a number of things, such as concerns over the use of funds or making …
Court of Protection Revokes Lasting Power of Attorney Read More »
Alarming new report reveals people in Yorkshire and the Humber leaving major decisions about housing, assets and care to chance 85% want loved ones to make decisions in the event of illness or accident – but only 7% have created a lasting power of attorney (LPA) to enable this People in Yorkshire and the Humber …
Don’t leave life-changing decisions to strangers Read More »
There are two ways in which you can own property jointly in England and Wales: Joint Tenants; or Tenants in Common In this context, the word ‘tenant’ means owner, and ‘tenancy’ means ownership. Joint Tenants Under a joint tenancy, each owner has an indivisible share in the property and all of the owners are equally …
Why do I need to appoint a guardian? It is not a topic that anyone likes to think about, but parents who are preparing or amending a Will need to give thought as to who would take care of their children if the worst should happen and both parents died before the children reached 18. …
