When establishing your lasting power of attorney (LPA), you’ll be confronted with the question: who do you want your attorney to be? This is a big decision, as your attorney can act for you and make decisions on your behalf. This guide will walk you through the responsibilities of an attorney and help you understand […]
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When someone passes away without leaving a valid Will behind, their estate must be distributed according to the rules of intestacy. These rules can be complex; however, they are vital to understand so you can ensure your assets are distributed in line with your wishes and values. In this guide, we’ll explore the rules of
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Lasting powers of attorney (LPAs) enable you to grant your chosen attorneys the ability to act on your behalf. However, do you really need one? Read on to see just how an LPA could benefit you! What Are Lasting Powers of Attorney? LPAs allow people you select to make decisions on your behalf while you
Lasting powers of attorney (LPAs) are legal documents that can be incredibly useful for later life planning. Many people think they are unnecessary, but there are many reasons why an LPA may be beneficial to you. What Is an LPA? A lasting power of attorney (LPA) is a legal document that allows you to appoint
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Lasting Powers of Attorney (LPAs) are set to be modernised according to new government standards established in July 2021. More people than ever are looking into establishing an LPA to secure their future, and the old process is set to be scrapped for a new, streamlined version that will include additional safeguards. What Are Lasting
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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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Leave Estate Planning to the Professionals We all like to take control – we were raised to be independent and work things out for ourselves! That Ikea furniture your son wanted to help you with? Done. Set up. You probably did a better job than he would have done. However, some things are more complex
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Like many other developed nations, the UK’s population is rapidly ageing as people eschew having children. This has caused a seismic shift in people’s later life plans as many older people do not have children or grandchildren to leave their estate to. Leaving your assets to a spouse can cause a variety of complications. What
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A key part of preparing a will is to select an executor. An executor is appointed to carry out your wishes and the instructions outlined in your Will when you die. An executor’s duties are likely to include: sourcing your financial documentation and listing all assets including property, possessions, and money. applying for probate. sending
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We receive a lot of questions about home inheritance from our clients looking to set up a will, and for most homeowners, this is one of the most pressing matters they wish to sort out. Our houses are frequently the most valuable asset we own – physical testaments to the family that were often the
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