Navigating the process of probate can be emotionally and financially challenging, especially when it comes to understanding the associated costs. Probate is the legal procedure following a person’s death.
Posts tagged “Probate”
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.
The Introduction of Artificial Intelligence
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 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.
Inheritance tax is a tax levied on the estate of someone who has died (i.e., property, money and possessions).
As the cost-of-living crisis impacts on everyone more and more how do you ensure you leave the maximum amount to your family and loved ones on your death?
Although they are called ‘Lasting Powers of Attorney’, it is possible to change or end your powers of attorney after they are created, provided you still have the relevant mental capacity. This gives you, the donor, more power to decide who will be responsible for managing your affairs.
Fraud is not a new thing, however, the digital age seems to have seen an increase in the number and types of scams. The Society of Trust and Estate Practitioners (STEP) estimates the cost of probate fraud to be in the region of £150 million.
