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 […]
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Lincoln Wills Advice Articles
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 […]
Thereby hangs a Parliament
With the results of the General Election now available there is no political party with an overall majority. This means a Hung Parliament This will make it difficult for the largest party to implement its manifesto policies. It is therefore reasonable to expect little change in the foreseeable future to either the burden of social […]
Protect your assets–‘ Now ‘
According to the Conservative Party manifesto for the forthcoming General Election if they get back into government they intend to reform social care. They plan to include the value of your home residence in the assets to assess your ability to pay for care costs. With certain exemptions this is already taken into the calculations […]
Peace of Mind
Many people I meet on the subject of Wills seek an answer to the nagging thought of what will happen after their death. What will happen to their belongings and assets,who will deal with them,how and who are executors appointed,what about the funeral,can pets be taken care of,is spouse able to continue living in house […]
Social Care costs
Government’s answer to the rising burden of Social Care appears to be to place the burden fairly and squarely with Local Authorities. They have been allowed to increase Council Tax to meet the cost of providing care in the community for the elderly and infirm. Under the present system if you go into care, owning […]
So what is RNRB?
Government has introduced a new allowance for Inheritance Tax in addition to the current Nil Rate band of £325,000 per person It is called Residence Nil Rate Band ( RNRB ) Where a person dies on or after 6 April 2017 and leaves the home to direct descendants ( and this includes step-children ) an […]
A Regular Review
Having written Wills for over a good long period I am now hearing from clients who instructed me years ago. For a whole variety of reasons they need their original Will updated. It can be a change of Executors for example where the originals have died or moved on. Sometimes it is a change of […]