There can be no denying that a Lasting Power of Attorney (LPA) can be an extremely useful document. A Lasting Power of Attorney is a legal document which allows you to appoint people that you trust to make important decisions on your behalf if you become mentally or physically incapable of doing so for yourself. For more information please see our LPA factsheet:- http://www.verisonalaw.com/factsheets/what-is-an-lpa/
This is a question that we are now frequently asked. With the possible introduction of significantly higher probate fees in May, it is likely that this will become an even more popular question.
To deal with a person’s estate it is usually necessary to obtain a Grant of Probate where the estate exceeds £50,000 in value and it may be required for smaller estates in some circumstances. The current fee payable to obtain the Grant of Probate is £155 if the application is made through a solicitor, or £215 if made personally.
An increasing number of families are unknowingly facing an inheritance tax liability, as the older generations have accumulated wealth and property values have increased.
Saying farewell to 2016 feels important to many of us, in particular when looking at the number of celebrity deaths that occurred last year.
Two charities have this month, been fined large sums of money for what has become known as ‘Wealth Screening’. This involves passing the personal information of charity supporters on to third parties so that those third parties can then identify those considered to be wealthy enough to approach for more money.
It is sadly a common myth that when someone dies without making a Will, it does not matter as the next of kin will get it anyway.
Failure to report a cash gift from his late father has landed a carpenter with an £87,000 penalty from HM Revenue and Customs.
Preparing Wills is just one aspect of what we do. We also provide a full service to Executors and we advise families in cases where their loved one left no Will.