Digitisation in legal probate – will it stick?
Sound technology has been a pillar of success for many modern-day businesses across the last few decades, yet the legal sector has been renowned for somewhat lagging behind, until COVID-19 forced firms to adapt. It’s fair to say that all law firms, to some extent, have upped their tech usage across the past two years […]
WILL WRITING. Make sure that you chose charities that exist or your Executors could be left with a headache!
A recent case in Scotland has once again highlighted how important it is to make sure that you draft your Will carefully. A woman who died leaving a substantial legacy to a non-existent charity in South Africa has left her executor with a problem, after the Scottish Court of Session declined to give a direction […]
All about the Lasting Power of Attorney
An LPA, or Lasting Power of Attorney, is a powerful legal document allowing you to appoint one or more people (an Attorney) to make decisions on your behalf should the time come that you’re unable to do so. It’s an essential step to ensure your wishes are carried out if you should lose capacity. Lacking […]
Are traditional Wills dying out?
Historically, traditional Wills prepared by Solicitors were the most popular method for people to document their wishes for how their assets would be distributed following their death. However, there are alternative options available now to the public, ranging from professional Will writers, Charities, Banks, online Wills, Will template kits from stationers and increasingly DIY Wills. […]
What are the financial benefits of getting married? From inheritance tax to pensions and bereavement support
It’s not the most romantic reason for a proposal, but there are many financial and practical reasons why it can make sense to be joined together by law Thousands of weddings and civil partnerships were delayed last year due to the coronavirus pandemic, as the various lockdowns placed severe restrictions on ceremonies. Meanwhile people’s plans for […]
Man mistakenly throws away digital assets worth over £200m
A story which highlights the importance of recording digital assets sees a man mistakenly throw away his hard drive in 2013 with Bitcoin now worth more than £210 million. In a bid to recover the fortune, James Howells from Newport has appealed to the council for permission to search the city’s landfill site. The 35-year-old […]
Baby boomer remarriages – is your will up to date?
STEP (Society of Trust and Estate Practitioners), the global professional association for practitioners who specialise in family inheritance and succession planning, today urges remarried couples with complex family arrangements to ensure their Wills are up to date, as analysis shows that couples from the remarriage boom of the 1990s and early 2000s are now likely […]
7% of respondents made or updated their Will during the first COVID-19 lockdown
New research unveiled today by the Law Society shows 7% of respondents made or updated their Will during the first UK-wide COVID-19 lockdown but many have yet to put their affairs in order. “The coronavirus pandemic has made people reflect on how vital it is to make sure their loved ones are taken care of […]
Festive monetary gifts
Many parents and grandparents want to help younger members of the family financially – whether to help fund an education, a wedding or a deposit for a first home. Christmas is a time for giving so what better gift to make to your children or grandchildren than a gift that has the potential to grow […]
Why power of attorney is all-important during the Covid-19 pandemic
The coronavirus pandemic and its impact on health means it is more important than ever for financial advisers to make clients aware of the benefits of having a lasting power of attorney (LPA). Getting an LPA can save families undue stress and expense if they are worried about the health or mental capacity of a […]
