The question of who’ll keep our finances in order if we are seriously ill or have lost our capacity to manage them ourselves is a huge one! It’s important to have someone we trust in control.
This article explains a bit more about Financial LPAs. These are correctly known as Property & Financial Affairs Lasting Powers of Attorney.
Recent proposals by the government to dramatically change the probate fee structure have now been abandoned. Find out how we can support you through the probate process, and what the current fees are.
Families – can’t live with them, can’t live without them!?
The season of goodwill isn’t guaranteed to bring happiness and joy for everyone.
Some are enduring a first, or another, Christmas without a loved one.
Others are spending Christmas with family they don’t see often.
What happens if you can’t afford to pay for your loved one’s funeral…or your loved ones can’t afford to pay for yours? A reporter for the Independent went undercover to find out, and was horrified to discover that relatives are being barred from some publicly funded funerals, and ashes are not being released to the families.
The role of Executor involves collecting in all your assets, paying off your debts, and distributing your estate in accordance with your wishes. It’s a time consuming role that is a considerable responsbility, so you and your Executor(s) should be realistic about the potential challenges of the role.
Our attention is sometimes caught by media reports of manipulative individuals taking advantage of older or vulnerable people for financial gain.
This might be by convincing the person to change their Will, or set up a Lasting Power of Attorney (LPA) in respect of Property and Financial Affairs, in their favour.
When we become too ill to speak for ourselves we are said to have ‘lost capacity’. Necessary decisions about treatment and care will be made by medical professionals, deciding what is in our best interests and acting accordingly. For your voice to be heard, an appropriate person will have to make an application to become your Health and Welfare Deputy.
The planned increase to Probate Fees has not yet happened – though it’s still likely that it will. What can you do to assist your Executors, who will have to pay the fee when they apply for the Grant of Probate? We can advise you. Book an appointment with us to ensure your estate is prepared.
Pre-paid funeral plan provider, Rest Assured Funeral Plans, have partnered with the NHS in a pilot scheme to increase membership of the Organ Donor Register. It is hoped that people who are already having frank conversations about death will be open to discussing what should happen to their bodies when they die.
We’re delighted to be fundraising for Shine – a charity offering support to those living with hydrocephalus and/or spina bifida. Shine host balloon races to raise funds for their shunt services. With an eye on the environment, they’ve made the races a virtual event so no real balloons will be released!
Trusts are used to manage the passing on of assets or money in a particular way. There are a number of different types of Trust, serving different functions. A Trust may be established during a lifetime, or started under the provisions of a Will. They are therefore a crucial aspect of estate planning.
Our business has clients all across Oxfordshire and Buckinghamshire. We are delighted to have opened offices in Buckingham and now also in Headington, Oxford. We are now offering our Wills, Probate, Lasting Power of Attorney and general estate planning services from all three offices. Come and see us!
Of course there’s a cost to dying! But when we die, we’re not there to foot the bill, so why should we worry?
The thing is, it can be tricky – or impossible – for loved ones to come up with a significant sum of money at the time of a death. (The costs & infographics in this blog post are taken from SunLife (2018), Cost of Dying Report.)
Sudden incapacitation, deteriorating illness or loss of ability to communicate means you may no longer be able to state your wishes at a time when you most want to be heard. Would it give you peace of mind to know that your affairs will be dealt with by someone you trust? With an LPA, you can rest assured that the person speaking for you is chosen and trusted by you.
The Government has said that Probate Fees will increase in 2019. The fee accompanying a Probate application will be calculated on a sliding scale, likely to be around 0.5% of the value of the estate. This is a large increase on the current fee, which has not been well received in the private client sector.
Sheila Hancock, actress, is adamant that her children can work for their own success. She’s made provision for her own long term care, so as not to burden her children, and intends to leave her money to charity. For advice about your own estate, contact us at Bicester Wills.
We pride ourselves on putting our clients first. Our office is open for appointments on Saturday mornings, as well as on weekdays, to ensure our clients can access our services when they have the time to do so. There are times when clients can’t come to us at all. We understand this.
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