Reminder Trust Registration Changes – Act Now
As part of the UK government’s implementation of the 5th EU Money Laundering Directive, almost all Trusts are now required to be registered with HMRC. Trust registration is nothing new. The Trust...
View ArticleWhat is an Enduring Power of Attorney (EPA) and are they still valid?
Prior to October 2007, many people who made powers of attorney would have made Enduring Powers of Attorney (EPAs). From October 2007 EPAs were replaced by Lasting Powers of Attorney so it is no longer...
View ArticleExecutorship – To be or not to be…
Executors are individuals or professionals chosen to administer the Estate of someone who has passed away, where that person has made a Will. The person who makes the Will (‘the Testator’) can choose...
View ArticleModern Love, Death & Taxes
Society may have moved forward with relationships, but tax law has not. Millions of couples who have chosen to avoid tying the knot are now at risk of falling into complex legal battles to get a share...
View ArticleProbate – When Saving Money Costs, You More
When most people are asked if they know what probate is – the normal response is a shrug of the shoulders or the thinking that it is only something that needs to be done if you die without a Will....
View ArticleModern Relationships – Old Fashioned Problems
Couples choosing to cohabit should consider documenting their intentions in relation to their property and finances so both parties know from the start what their respective entitlement and rights are....
View ArticleWhy should I set up a business LPA?
Most people understand the benefits of a lasting power of attorney and how they allow individuals to nominate someone to make decisions on their behalf if they become incapacitated in someway or do not...
View ArticleSideways disinheriting, when families divide
Sideways disinheriting is extremely common and can be very upsetting in the aftermath of a loved one passing. It has been highlighted by the case of Scarle vs Scarle when stepsisters battled in court...
View ArticleLifetime giving: Can I give my home to my children (and still live in it)?
For many people, their home is one of their most valuable assets, if not the most valuable. It is therefore an obvious candidate for lifetime estate planning. The question therefore often comes up as...
View ArticleAttorneys should always look ‘gift horses in the mouth’
It is good to explore the strict set of rules applied to Lasting Powers of Attorneys and gifting as the majority of individuals acting as attorneys are assuming incorrectly what they can or cannot gift...
View ArticleCheap Wills – When Saving Money Costs You More
We all like a bargain, don’t we? It is quite common to see Wills being advertised “on the cheap”, at the price of an average meal down the pub. However, Will writing companies have spent money to...
View ArticleLasting Power of Attorney – Understanding the most powerful documents you can...
At Foresight Estate Planning – we are seeing lots more of our clients living a much longer life. The WHO (World Health Organisation) says life expectancy has increased by more than 6 years to 73.4...
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Mind The Gap
Let’s talk about the increasing demand and cost of care. As we are living longer and therefore often longer in poorer health, more & more people will require care. In the year to March 2022 the...
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