While the number of people taking advantage of a simplified online process to make a Lasting Power of Attorney is on the increase, so are the reports of abuse by attorneys. In this article, Hayley Beeching explains how and why it is important to get guidance and have safeguards in place when permitting others to manage your affairs.
The message is slowly starting to get through to the public – making a will is an important life decision that could save your relatives a great deal of heartache once you’ve gone. You can express your wishes, designate who gets what, and that’s the end of it.
By 2025 more than 13 million people at risk of mental incapacity will be leaving medical and care preferences to chance, reveals a new report from SFE (Solicitors for the Elderly) and independent think tank, Centre for Future Studies, exposing a looming healthcare crisis across the UK.
If you have been asked to be, or considering making someone an ‘executor’, this refers to the role of representing someone after they have passed away.
October 2014 saw the biggest changes in probate law’s history come into effect. While the overhaul meant no real difference to those with minimal assets, for the partners of those who died without making a will and who have more assets, it meant significant change. The change gave a surviving spouse the right to a much bigger share of their deceased spouse’s estate than was previously the case.
The value of our online lives is worth billions of pounds but many of these assets may never be passed on, as people are failing to record their digital worth.
Last week the government introduced a new scheme which will enable nearly 2 million people to claim for a refund on their registration fee for their Power of Attorney arrangements.
Did you know that less than 60% of the population have written a Will? It seems an astonishing figure and means that you may be one of those who haven't got around to it yet.
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.
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.