A Right of Residence is something you can include in your Will. If you own a house and want to make sure that someone can continue to live in it after you die one of your options is to create a Right of Residence for them. This will make sure that the person keeps the […]
Archive | Advice Articles
Lincoln Wills Advice Articles
A Prudent Person’s Needs
Apart from the normal needs of a home,food to eat,clothes to wear,money to spend, age also brings a desire to protect what you have and to ensure it is used to provide for those needs. In addition the need to know where all your built up savings and property will go when you pass away. […]
At Your Discretion
If you want a protective shelter for your property and assets after your death then a Discretionary Trust can be built into your Will This type of Trust can be used if your intended beneficiary (ie someone you are leaving some or all of your assets to ) is:- Not happy or able to handle […]
What will?
Anyone who has a family, or owns assets and savings, should make a Will. But what sort of Will should you make and why? For a single person the Basic Single Will sets out what should happen their estate when they die. It guarantees nothing but sets out how the assets that are remaining at […]
Have you the capacity?
IN the present litigious environment many Wills are challenged which question the capacity of the testator when making the Will. When taking instructions to make a Will a professional has to consider a variety of matters. To start with, who made the appointment? If not the client then who and why someone else? Is there […]
Trusts
So what Trusts can I use to protect my assets on death? There are several types of Trusts you can put in your Will to ensure your assets at death will reach your chosen beneficiaries. Firstly there is a Property Protection Trust which can provide a protective shelter for the value of your home allowing […]
Attorneys, Executors and Trustees
These three titles often confuse many lay people when planning their affairs both for life and death. It is understood that each of the titles refer to someone who is acting on your behalf , but how and when appear to cause confusion. Firstly all of the titles refer to someone you have personally appointed […]
A Cheap Insurance
The majority of people take out some form of insurance in their lifetime. It can be motor insurance, fire and theft cover, buildings cover, critical illness etc. etc. All of these protect against future potential accidents or happenings and of course death where life assurance is taken out. Annual premiums are paid on these policies […]
A Plan for all Seasons
The death of a loved one is an extremely grief ridden time for all family and friends. At such a time you are faced with many things to arrange not the least of which is the funeral. Who to choose to administer it, where to hold it, how to conduct it, how to let friends […]
Bank error – now in your favour
At last eight of the major Banks have signed up to new guidelines to help the public with the use of Lasting Powers of Attorney. They have pledged to improve the way they treat families who help vulnerable relatives with their finances. Applications for Lasting Powers of Attorney have now hit a record of 591,000 […]