Trusts & Probate

How trusts can help blended families plan and pass on their wealth

Families brought together by new relationships can face a range of unique stresses and strains when it comes to dealing with their wealth. If, for instance, a parent has children with more than one partner, then the difficulties of managing their finances can multiply, sometimes giving rise to rela....

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Lasting Power of Attorney – making the right choices for your future

Last summer retired judge Denzil Lush caused consternation amongst many people and much publicity by saying that he had concerns about the creation of a Lasting Power of Attorney (LPA). His view was that LPAs could be open to abuse. He preferred the alternative of Deputyship, a process that requires....

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Ashes to ashes… and where you can scatter them

While many of us grew up thinking of burial as the way in which we say farewell to the deceased, statistics from the Cremation Society of Great Britain show that around 75 per cent of people are now choosing cremation rather than burial.   Deciding what to do with the ashes In the 1970s, onl....

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The Skripal case – unravelling the unusual and challenging mental capacity issues

Over recent weeks, the twists and turns in this high-profile case have made daily media headlines. The events that unfolded on a bench in a park in Salisbury rapidly became first a national and then an international political issue, as Colonel Sergei Skripal and his daughter, Yulia, were hospitalise....

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Six lesser-known ways to reduce Inheritance Tax you may not have considered, but really should

Inheritance Tax (IHT) is one of the most controversial taxes in the UK, so it’s little wonder that families are looking for ways to reduce the likely bill. So, if you’ve used up your annual exemptions, made gifts to individuals, given money to the bride or groom, plan to outlive your lifetime....

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Declarations of Trust: What are they and when should you be making them

Declarations of Trust are legally binding documents that are used to set out the interests of parties where property is owned by more than one person. A Declaration of Trust can for example be entered into by couples purchasing their first home, when a partner moves into an existing home, or when pr....

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Does my Lasting Power of Attorney mean my wife can step in and run my business if I’m not up to it?

The simple answer to this is yes, your Lasting Power of Attorney (LPA) could allow your wife to run your business if you were unable to do so, but there are a number of factors you should consider, and it might be the best course of action for you to take out a specific LPA to safeguard your busines....

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I’m worried that my house will have to be sold to pay for my care, can I transfer it to my children to avoid this?

Many people are concerned that they may have to sell their home to meet the cost of their care in later life, and often consider giving assets away so that they meet their local authority criteria and have their care costs paid for. However, it’s not that simple.   The Care Needs Assessme....

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My aunt died and left everything to me in her Will, so why are the bank asking for probate?

It's good news that your aunt took the important step of making a Will, as this makes the administration of the estate much more straightforward. In making her Will, your aunt will have appointed someone to act as her Executor. There may be more than one Executor, and they will be named in the Will.....

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If I lost mental capacity, could my husband just deal with everything on my behalf?

This is a question that we often get asked. Many people automatically assume that if there came a time when they lacked mental capacity, then their husband, family member or friend could simply step in and act on their behalf. However, this isn’t the case. By 2021, the Alzheimer’s Society pre....

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