Individuals often seek strategies to navigate unforeseen circumstances which arise during the administration of an estate. Two useful tools which can be utilised are Deeds of Variation and Disclaimers, both offer distinct advantages, allowing beneficiaries to vary or redirect assets from a deceased’s estate.
Posts tagged “Will Writing Process”
This is a question that we often get asked by clients who mistakenly believe that they need either a Will, or an LPA. This is not correct.
When considering putting in place a Will the first consideration is who will write it for you. Of course, you can try and write it yourself, but DIY Wills pose their own risks and discussed in our previous blog DIY? Good for the garden shed but not for your Will. So, it is likely that you will seek the professional advice of a solicitor or Will writer.
With the summer holidays already upon us, now is a great time to ensure that you are really holiday ready. You’ve probably packed your sun cream, swimwear and sandals, but have you got your Will in place in case the worst should happen?
What is a Lasting Power of Attorney?
A Lasting Power of Attorney (LPA) is a legal document that allows you to nominate someone you trust to make decisions for you and/or act on your behalf if you are no longer able/willing to make your own decisions.
It was recently reported by the BBC that select funeral directors will be the first in the UK to offer resomation, or water cremation, later this year at initial locations.
Kaur v Singh 2023 tells the story of a widow who was disinherited from the Will of her late husband along with her four daughters. The kicker, they had been married for 66 years!
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.
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.
