Posted on March 25, 2024
As you never know what’s around the corner, it is as well to be prepared for possible difficulties.
For example, who will look after your financial affairs should you have an extended stay in hospital, or a rehabilitation centre, or if you were stuck abroad? Who will access your bank account to pay care fees? Or if you own a business who will pay your employees and suppliers? Who will assist healthcare and medical professionals with plans for your medical treatment or everyday care if you cannot make decisions yourself? Are there people who you definitely would not want involved in decisions about your finances or welfare?
Did you know that your spouse, civil partner, children or next of kin do not automatically have any legal authority to handle your financial or personal affairs?
All of this and more can be addressed with the preparation of Lasting Power of Attorney documents, which put matters in the hands of someone you trust.
Read more...Posted on September 26, 2023
Here is a list of helpful reminders as to when you should consider updating your Will.
If any of the following occur, an update to your existing Will may be required:
Read more...Posted on May 24, 2022
The transferrable Nil Rate Band (TNRB) was introduced by the Finance Act 2008 and is available when someone has died on or after 9 October 2007, even if their spouse or civil partner died before this date. This was heralded by the Government as “doubling” the Inheritance Tax threshold for married couples and civil partners.
Read more...Posted on June 4, 2021
Making “gifts” is something that many of us do without realising the possible implications. However, making gifts can be a useful way to reduce or minimise any Inheritance Tax (IHT) liability on your death too.
Read more...Posted on April 15, 2020
It is a sad fact that whether related to coronavirus or not, many people will pass away during the current period where the country fights the pandemic.
What is an incredibly difficult time emotionally, is made even harder by not having family or friends around to give comfort and physical support.
Read more...
