Legacy Insights
More information about Wills, Trusts, LastingPowers of Attorney and many other ways for you to protect your Legacy.
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Legacy Planning – Top tips to protect those you love…
Legacy Planning is an extremely valuable, and often overlooked part of good financial management. We have asked Mark Layzell – Co-founder and Managing Director of Legacy Matters for some top tips on effective Legacy Planning.Why is Legacy Planning so important to you?...
What happens in estate administration if an executor has died?
After someone’s death, the executor named in their Will is responsible for winding up their estate. If the executor dies, either before or during the estate administration, there is a process which must be gone through to find and appoint another executor. The...
Should I make all my children attorneys on my LPA?
Your Lasting Power of Attorney (LPA) is an important document. It gives your chosen attorney the power to deal with your affairs on your behalf, should you lose the capacity to do so yourself. But is it a good idea to appoint your children? You can make an LPA giving...
What are estate accounts?
Following someone’s death, their personal representative will wind up the estate, then prepare estate accounts. These accounts will include details of all the assets and liabilities in the estate When you make a Will, you will appoint someone to act as your executor....
Be Sure to Make the Most of the UK Residential Nil Rate Band
Time to start thinking ahead. The UK residential nil rate band (RNRB) is due to update this year. So, what might this mean for you? Let’s take a look at the main criteria of the RNRB and how it works in practice as well as the main conditions. What is the UK...
Making a Lasting Power of Attorney for your business
Lasting Powers of Attorney offer huge benefits to individuals, but their advantages are often forgotten when it comes to businesses. A Lasting Power of Attorney (LPA) allows someone to appoint a trusted representative to act on their behalf once they lose the capacity...
Increase in DIY Wills a cause for concern
As the problems of the pandemic continue, there has been a huge rise in the number of people searching online for instructions on writing their own Will. With difficulties in visiting solicitors’ offices, it can be tempting to have a go at writing a Will yourself....
Are there disadvantages in having an LPA?
A Lasting Power of Attorney, or LPA, allows a trusted family member or friend to manage your affairs for you, in the event that you become unable to manage them yourself. Having an LPA is usually considered a big advantage. If you should become incapacitated, your...
Do you need to apply for probate when your spouse dies?
Applying for probate is not always necessary when the deceased is survived by their spouse. After someone dies, a grant of probate is often needed. This is the legal document that gives their executor the right to wind up their estate in accordance with their Will. If...
What is a Living Will and how can I write one?
A Living Will, also known as an advance decision or advance directive, is a document by which you can refuse medical treatment in the future. It can be used if you become unable to communicate or unable to make decisions for yourself or if you become terminally ill....