February 26, 2016 | Posted by : J Morris
Most of us take for granted that we have the ability to manage our affairs – whether you deal with your finances yourself or rely on your partner to do so. But have you considered what you would do if you found yourself suddenly unable to do so – or left without the support of the person who usually sorts things out on your behalf?
Sometimes a person’s ability to handle administrative issues decreases as they get older, or perhaps illness, disability or an accident makes it difficult for them to make their own decisions. Since you can’t know what lies in your future, it makes sense to take precautions for the future to protect your assets and help your family ...
September 02, 2015 | Posted by : J Morris
Contrary to popular belief, living together as a ‘common-law’ couple does not automatically provide you with the same legal rights as married couples, or those in a civil partnership. It’s important, therefore, for cohabitees to make arrangements to protect their financial rights. The best way to do this is to draw up a cohabitation agreement (sometimes called a ‘living together agreement’) – a legal document much like a prenuptial agreement – which sets out fair provision for finances, property and children in the event of separation. If you own property, you should at the very least have a Declaration of Trust setting ...
April 17, 2015 | Posted by : J Morris
Using a solicitor to write your will ensures that your affairs are dealt with exactly according to your wishes. Even if your situation isn’t complicated, it’s well worth arranging an appointment with your solicitor to discuss wills and probate services, especially if you own property, are eligible to pay Inheritance Tax, or want to look after someone’s interests after you’re gone.
A solicitor will save you time and money by explaining the options appropriate to your situation and drawing up a will according to your instructions. Meetings with your solicitor are confidential, and if you have a difficult issue to ...
October 28, 2014 | Posted by : J Morris
Time to make a will or update an existing one? There are three main areas to consider when putting together a will: who you would like to inherit your assets, the specifics of those assets, and any special instructions relating to individual bequests or the details of your funeral. Your solicitor will help you put together all the information you need to draw up your will. Use this guide to make sure you have everything you need before you visit your solicitor:
Beneficiaries, Heirs and Executors
Your solicitor will need to know ...
December 16, 2013 | Posted by : J Morris
According to the Alzheimer’s Society, managing the financial affairs of a family member with dementia is becoming increasingly complicated, and the charity has advised people to draw up lasting powers of attorney to ensure that the right decisions are made on their behalf if they are unable to do so in old age.
Lasting power of attorney provides reassurance for individuals and families in the event of dementia, mental decline, or physical injury leaving someone unable to communicate their financial and legal intentions. Often deemed ‘a living will’, lasting power of attorney enables you to appoint a representative to handle ...