Life Sustaining Treatment

Life Sustaining Treatment One element of the Health and Welfare Lasting Power of Attorney (LPA) is for you to decide whether you would like your chosen attorneys to be able to make decisions regarding Life Sustaining Treatment. Life Sustaining Treatment is treatment which a doctor feel is necessary to keep you alive. This can be […]

Joint Tenants v Tenants in Common

Joint Tenants v Tenants in Common There are two ways in which people can own joint property. Buyer of car shaking hands with seller in auto dealership, view from interior of car. Close-up of handshake of business people. Concept of choosing and buying new car at showroom. Businessman’s hands calculate interest, taxes, and profits to […]

Inheritance Tax

Inheritance Tax This tax was introduced by the Finance Act 1986 and replaced Capital Transfer Tax on death. For most, the risk of there being an inheritance tax charge on their death is minimal. However, for wealthy individuals the thought of paying 40% of their assets to HM Revenue and Customs is an unwelcome one. […]

Homemade v Professional

Homemade v Professional There is no requirement for your Will to be drafted by a Solicitor. You can, if you like, draft your own Will at home. All you must do is make sure your Will is in writing, that you sign it and that your signature is witnessed by two independent witnesses. However, when […]

Executors

Executors The appointment of Executors may be the most important appointment you ever make. An executor is the person or persons charged with the responsibility of administering your estate when you are no longer here. Executors are appointed by your Will and must make sure the wishes stated in your Will are carried out. Amongst […]

Estate Administration

Estate Administration When someone dies it can be a stressful and upsetting time for family, friends and loved ones. Administering their estate can be an added and sometimes unwanted burden. The first thing to do is find out whether the deceased left a Will. If there is one this will tell you exactly who must […]

Do I need a Lasting Power of Attorney?

Do I need a Lasting Power of Attorney? A Lasting Power of Attorney (LPA) is a document which allows you to appoint certain people to make decisions for you in later life when you are no longer able to make decisions for yourself. These people are called your Attorneys. Your attorneys are under a legal […]

Do I have to pay my Attorneys?

Do I have to pay my Attorneys? The short answer is no. Usually your Attorneys will be either family members or very close friends. However, you can appoint professionals, such as solicitors, accountants or financial advisors, as your Attorneys if you wish or if you don’t have any family members willing or able to act. […]

Can I appoint my child as Executor?

Can I appoint my child as Executor? If your child is over 18 then, yes you can. If your child is under the age of 18 when you make your Will but is over 18 when you die, that is okay too. However, you can appoint your child as Executor, even if they are under […]