With people living longer and increasingly more people living with illnesses like dementia and lose mental capacity, a Lasting Power of Attorney is becoming more critical. There are currently 900,000 people living with dementia in the UK, and the World Health Organisation has reported that dementia cases will triple by 2050. These stark figures underpin … Continued
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The current system requires individuals to cover their social care costs if they have savings of over £23,250 or own their own home (this only applies if you’re moving into a care home). The cost of care varies depending on where you live, and there is no cap on care home fees. According to the … Continued
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Probate legalises the process of passing money, property and possessions (your estate) to named beneficiaries or next of kin when you die. Even if you are married or in a civil partnership, your spouse or partner cannot immediately manage your estate without securing a grant of probate or letters of administration from the Probate Court. … Continued
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In a recent article on Will writing, we highlighted ‘not understanding what happens when someone dies without a Will’ in our 6 top reasons why people fail to make a Will. There is a common belief that a surviving spouse in marriage or partner in a civil relationship automatically inherits everything in the deceased person’s … Continued
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According to research carried out by Macmillan Cancer Support, nearly two-thirds of UK adults (around 31 million people) have not made a Will.People do not make a Will or put off making one until it is too late because the risks are not understood — or they believe the benefits of writing a Will do … Continued
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Nobody knows what the future holds. Yet most of us think about the importance of writing a will much later than we should. We tend to think a will protects the needs of a spouse or partner, but few of us consider the impact an untimely death can have on our children. The Daily Telegraph … Continued
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It won’t be long before Christmas is upon us once more. You may already know your plans for the festive break, but have you had a think about what you’ll give your children this year – and your grandchildren if you have them? Why not take advantage of your annual inheritance tax gift allowance? By … Continued
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There are few more distressing thoughts than the prospect of leaving your children parentless. Sometimes it can feel easier to sweep such upsetting scenarios under the carpet, so it’s no wonder that scores of young parents in the UK simply aren’t making a will. In fact, more than half of the UK’s adults have not made … Continued
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