5 Benefits of Having a Lasting Power of Attorney
Illness and injury can happen at any age, which can result in you not being able to look after yourself or make important decisions. You may assume that your family will be able to step in and manage your affairs in your time of need, but without a Lasting Power of Attorney (LPA) they will […]
Who Should I Choose As My Attorney When Making a Lasting Power of Attorney?
It’s important to make a Lasting Power of Attorney (LPA) so you can be looked after by the people you trust if you’re ever unable to look after yourself. You can’t make an LPA once you have lost mental capacity, so, like a Will, you must make this important document long before you may need […]
What Does Lasting Power of Attorney Mean?
Everybody knows what a Will is and why they are so important – to protect your family and assets when you die. However, many people are unaware of a similar set of documents, known under the umbrella term ‘Lasting Power of Attorney’ (LPA), which are equally as important. LPAs protect you, your family and your […]
Can My Will Be Changed After I Die?
In certain cases, your Will could be changed after you die, but specific conditions will need to be met and only a limited number of reasons could cause this to happen. These types of amendments must be agreed upon by the executor and beneficiaries involved and are usually settled outside of court. However, there is […]
What Happens if I Die Without a Will?
Most of us know that we need to make a Will – but life can get in the way and even the most important tasks can get pushed to the bottom of the To-Do list. Why do some people put off making a Will? Perhaps because there is a part of us that believes that […]
What is a Mirror Will and Do I Need One?
If you’re married or in a long-term relationship it’s important you both make Wills to ensure each partner, and any children you may share, will be provided for in the future. You may assume that once you die, your whole estate will pass onto your partner and then to your children, but this isn’t always […]
What is a Life Interest Trust and Do I Need One?
If you want to leave your house to your children whilst ensuring your spouse or partner can continue to live in it, you may need to make a Life Interest Trust within your Will. Not having a Life Interest Trust can lead to problems, in some cases your children may never receive their full inheritance […]
Can My Will Be Contested?
When making your Will, you want to be sure it does what it’s supposed to do – protect your family and assets when you’re no longer around. That’s why it’s important to understand the most common ways a Will can be left open for contention and how to mitigate the chances of it happening to […]
Are Online Wills Legal?
Online Wills are only legal if you get them right, which can be easier said than done. It’s important to be aware that the companies selling online Will templates take no responsibility for the quality of the final product. For a document that has the power to shape your family’s quality of life for decades, […]
What is Probate?
Probate is the process of settling a deceased person’s estate, which includes paying any taxes and outstanding debts, and distributing assets according to the deceased’s Will. The person in charge of this is known as the executor, who will be named on the Will. The executor will first have to apply for a Grant of […]