Many people think about making a Will, so that their loved ones are provided for following their death, but they do not consider how they can ensure their affairs are managed during their lives.
Making a Will is often something that gets forgotten about but everyone should have one. It is even more important if you have children, you own property or have savings, investments, insurance policies or you own a business.
As a business owner, it’s more important than ever to have a solid continuity plan to ensure that your business will keep running smoothly if you were to become unable to make decisions.
Recently there has been an ever-increasing interest in how digital assets are dealt with when we die. “Digital assets" is a broad term that includes a range of electronic records -- from social media accounts to digital photos, to email and more.
At the outset, DIY Wills can be seen as an inexpensive option. However, the legal costs involved to remedy their potential errors, may well exceed the cost of a professionally prepared Will.
The Office of the Public Guardian has announced a scheme to allow applicants to claim part of their application fee back if they applied to register a power of attorney between 1 April 2013 and 31 March 2017.
The UK government has officially confirmed that probate fees in England and Wales will change in May 2017 to a banded system, where fees increase with the value of the estate, replacing the current flat fees.
Did you know that there are two different types of Lasting Powers of Attorney? If you do – “top of the class”; if you didn’t know, well, you’re excused because most people do not know about the Health & Welfare Lasting Power of Attorney.
