Setting up a Lasting Power of Attorney (LPA) is something that many people don’t consider during later life planning. However, it is an essential document to have in place, even if you are in good health. Why Establish an LPA? Mental capacity is defined as the ability to make and communicate decisions while understanding what […]
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Trusts are an area of estate planning that is shrouded in myths. Many people are unsure of how they can use them to their advantage and may be under the impression that they are only for people with millions in assets. However, this is not the case – no matter your assets, there are many
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Creating a Will and choosing your beneficiaries is not an easy thing to do. It takes careful consideration and thought, and in some cases, someone may still show up to stake a claim to the inheritance in the future. However, there are ways to limit the risk of an inheritance dispute! What is an Inheritance
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Many people will probably advise you to get a solicitor when it comes to estate planning. However, they don’t know that paralegals can actually do almost everything solicitors can and are often more specialised. What is a Paralegal? Paralegals are sometimes considered less knowledgeable than lawyers, solicitors, and barristers; however, this is often not the
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If you created a new Will after your marriage, you may already know that a new marriage revokes any previous Will that you created. But did you know that the same rules don’t apply to divorce? If you have recently divorced, you may be wondering how this affects your Will. There are many ways to
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A Will is invaluable for anyone with any assets. However, some people lack the mental capacity to create a Will, making the process of leaving belongings to their loved ones more difficult. If a person requires a Will but cannot create one themselves, several steps can be taken to prepare a Statutory Will. When To
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Many terms, such as probate, crop up when writing Wills and planning for later life. Left undefined, probate can seem somewhat confusing. However, it is simpler than it seems on the surface. In this blog, we cover some of the ins and outs of probate, including why it is necessary and how much it may
A Will isn’t your only option when considering how you want your estate to be distributed after you pass away. You can also choose to open a Family Protection Trust, which helps you protect your assets and gives you greater control over what happens upon your death. What Is a Family Protection Trust? A Family
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It is increasingly common for people to own assets in foreign countries. This can be anything from buying a holiday home to marrying someone from a different country and sharing assets. However, having property abroad can be a complex issue to deal with when creating your Will. Property and inheritance in other countries can be
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Will writing services are alternatives to having your Will drawn up by a solicitor or writing it yourself. Often cheaper than approaching a legal firm, these services come hand-in-hand with several benefits. Why Will Writing Services Are Not Regulated The Solicitors Regulation Authority (SRA) regulates solicitors, which protects the testator from mistakes in the Will.
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