If you own a property jointly with someone else, you may automatically become the sole owner when they die, depending upon the way in which the property is held. If you live in a home which you own jointly with someone else, it is important to understand the type of ownership you have. This is […]
Read MoreThe appointment of an Attorney can help you deal with your affairs once you are no longer able. But they are not allowed to write a Will on your behalf. By appointing an Attorney under a Lasting Power of Attorney (LPA), you can have someone you trust to deal with both your financial affairs and […]
Read MoreA Lasting Power of Attorney (LPA) can be an incredibly helpful way of allowing a person you trust to manage your affairs once you are no longer capable. Ideally, an LPA should be executed well in advance of any incapacity. But so long as the person signing the document still understands its full meaning and […]
Read MoreGifts made before someone dies may be liable for inheritance Tax (IHT) unless they are made from income or are in an exempt category. When an estate is administered, the Executor or Administrator will have to assess gifts that have been given by the deceased during their lifetime and decide whether or not they should […]
Read MoreWhen someone dies, often loved ones would like to see the document that they have left outlining their wishes and stating who is to benefit from their estate. We look at who is entitled to see the contents of a Will. Immediately following a death, the only people initially entitled to read the Will are […]
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