Many people will be aware that it is possible to write your own Will, or to purchase a kit that will assist you in writing your own Will. Whilst you may think that these products will save you time and money, they could be very costly to your loved ones in the event that the formalities for making a Will valid have not been correctly adhered to. 

When you find yourself acting on someone’s behalf under a Lasting Power of Attorney (LPA), it is essential to understand your responsibilities and obligations. While managing someone else’s affairs, you may wonder if you can still make gifts on their behalf. 

When we think of estate planning and putting a Will in place, many young adults think that they have plenty of time before these matters need to be addressed. However, life can be very unpredictable. Creating a Will at a younger age has many benefits and in this blog we'll explore why it's important for young adults to consider estate planning and Will creation, as well as the key advantages it offers. 

 

As the field of artificial intelligence (AI) continues to advance, its potential applications in various industries become increasingly apparent. One area that has the potential to be significantly impacted by AI is the legal sector, particularly in the drafting of Wills and other legal documents. 

Whether you’re in the process of creating a lasting power of attorney with a loved one or have been appointed as an attorney and the donor has now lost capacity, here is a guide on how to get started and ensure that you act in the donor’s best interests. 

The HMRC are responsible for assessing all taxable estates and considering whether the correct information has been submitted, and tax paid. 

 

Though it may be uncommon, it can sometimes occur that Wills contain mistakes or errors, even those prepared by a professional. It is important to consider how to rectify mistakes in Wills which have been found either during the testator’s lifetime or after they have died. 

The Department for Work and Pensions (DWP) may review the financial affairs of someone who has died if they were in receipt of means-tested benefits in their lifetime. 

When ‘mental capacity’ is discussed, we are generally talking about a person’s ability to make informed decisions for themselves. 

 

The Annual Tribunal Limit Increases will be coming into force soon. These changes will come into effect from the 6th April 2023 (broadly, for dismissals taking place on or after that date) having been laid before parliament on the 15th March 2023.