An Enduring Power of Attorney is an older document designed to give authority to your attorney to make financial decisions on your behalf. Whilst you can no longer make new Enduring Powers of Attorney, the ones already in existence are still valid. Unlike Lasting Powers of Attorney, they do not have to be registered before being used UNLESS you begin to lose mental capacity. At this stage your attorney should arrange to register the Enduring Power of Attorney with the Office of the Public Guardian. We provide a registration service and advice for attorneys regarding all aspects of the Enduring Power of Attorney.
Contact a member of the team on 01926 491 181 today to find out more.
Life is full of twists and turns and none of us can be sure what the future holds. That’s why creating a will makes good sense. As more and more people realise the importance of making a will, it’s no longer seen as something just for the elderly or ill but simply part of sound financial planning for any family or individual.
Upon the death of a relative, administering their estate is an important step to undertake. In some circumstances, this is more difficult because there is no will or it is somehow invalid. Moore & Tibbits can guide you through what the right steps are.
Inheritance and tax planning
Making plans for loved ones after you die may be difficult to think about but it is important to ensure your wishes and plans are carried out. Our specialist team can help you think through your plans and their financial impact to ensure that maximum use is made of your inheritance tax “allowance” available on death.
Lasting Power of Attorney
Making a Lasting Power of Attorney is vitally important in ensuring your wishes will be respected should an accident or ill health prevent you from making decisions in the future.
Making a will checklist
To help you prepare to plan ahead
For many people, trusts are a useful way to assist in tax planning and to preserve assets. There are various types of trusts and they can be created during your lifetime or by your will.
What happens if you don’t have a will?
Many people don’t realise that without a will in place, the law decides how their money and possessions are distributed (following the intestacy rules). You lose the right to choose. The result may not be what you would have wanted or may cause future legal problems for those you love.
Will and inheritance disputes
The terms of a Will can cause distress. If there isn’t one, this is difficult too. Moore and Tibbits can advise on any matter where a will or inheritance is in dispute.
Have a question or need some help? Call us today on 01926 491 181
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