A Prudent Person will resolve in the new year:- To make a Will, prepare a Lasting Power of Attorney and purchase a Funeral Plan How Prudent are you?
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A Prudent Person in the New Year will resolve :- To prepare a Lasting Power of Attorney To purchase a Funeral Plan To make a Will How prudent are you?
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 […]
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 […]
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 […]
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 […]
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 […]
It has now been announced that the Government is not to proceed with the increase in the costs of obtaining Probate. These increases were due to be introduced at the beginning of May but have now been withdrawn. The protest from government back benchers combined with the forthcoming General Election were the probable reasons for […]
Figures just released show that during 2015 a record number of 14167 Wills were challenged in the Courts. This represented almost 21% increase over the previous year. The main causes appear to be divorces, remarriages and the ever rising property values in estates of deceased persons. Most disputes involve the distribution of assets by disappointed […]
Research carried out for the Royal London Insurance Company found that bills for a typical stay in a care home were likely to be between £50000 and £93000.and that the total would mean a loss of between a fifth and a half of the value of an average house. It found that on average someone […]