Have you ever thought to yourself “What would I do if I was no longer able to manage my own affairs?”
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Viewing post categorized under: Wills, Probate & Lifetime Planning Blogs
July 27 /
Wills, Probate & Lifetime Planning Blogs
The Importance of making a Lasting Power of Attorney
If your serious injury claim is successful and you are awarded damages or agree a settlement, it is likely that you will have a significant amount of money to deal with.
February 7 /
Wills, Probate & Lifetime Planning Blogs
Thinking of using a ‘trust scheme’ to save care home fees?
The financial press often report on families being put at risk by unregulated firms promising to help them avoid care fees and inheritance tax.
January 8 /
Wills, Probate & Lifetime Planning Blogs
Make “putting your affairs in order” a priority for this year
After the excesses of Christmas have been enjoyed, thoughts often turn to New Year’s Resolutions that many of us struggle to maintain.
This year, in addition to perhaps exercising more, eating healthier and drinking less, let us at Maxwell Hodge offer some other considerations for 2020:
- Make a new Will or review your existing one, particularly if family circumstances have changed for better or worse.
- Consider Lasting Powers of Attorney as a good investment to ensure your finances and health can be legally looked after if you become mentally or physically unable to do so.
- If you are concerned about Inheritance Tax, seek advice and make the most of lifetime gifting allowances.
Don’t put it off until it’s too late. Use our legal expertise to make the process as easy as possible.
Deciding to get help with care is a stressful time. Placing yourself or a loved one in care is a difficult decision that often comes at a time when you do not have time to consider the legalities of care services.
October 16 /
Wills, Probate & Lifetime Planning Blogs
Don’t keep putting it off – make it a priority to get your affairs in order!
Getting Organised (Legally speaking!) with Maxwell Hodge
July 12 /
Wills, Probate & Lifetime Planning Blogs
Be prepared – don’t leave important decisions about your finances and health and personal care in the hands of strangers!
Clients often have questions about Lasting Powers of Attorney (LPA) – they may not be entirely clear what a LPA is, why one might be needed and when they should apply for one.
- 96% of people in the North West leave important health and welfare decisions to chance
- By 2025, more than 13 million people who are at risk of mental incapacity will not be prepared
- 73% would like a family member to make medical and care decisions on their behalf, in the event of mental incapacity
- 78% haven’t discussed end of life medical and care wishes
- 40% admit to having made no provisions at all, such as a will, LPA, pension or funeral plan
- Coalition of partners join forces to warn of ‘incapacity crisis’ led by SFE, including Baroness Ilora Finlay, Alzheimer’s Society, Dying Matters, Age UK, Anchor, and SOLLA
If you have registered either an Lasting Power of Attorney or an Enduring Power of Attorney between the dates 1st April 2013 to 31st March 2017 then either the Donor or the Attorney can apply to the Office of Public Guardian for a refund of fees.
We have recently helped clients whose late Mother had made a Will however had not gifted in equal shares to her children. The Will provided a payment of £1,000 to adult child 1 and the residue of the Estate (the remainder of the net Estate) was to be split between adult children 2 and 3. We were instructed by children 2 and 3 as they were the Executors of the Estate under the Will.
