Nobody looks forward to writing a will but it is one of the most important acts of financial planning you will probably ever undertake.
Whatever the size of your estate, it is always important to make a will. If someone passes away who has not made a Will, their estate will be distributed in accordance with the Intestacy Rules, which may mean some members of their family they would have liked to inherit receive nothing. Read the rest of this entry »
Have you ever considered who would make decisions regarding your finances and welfare if you were unable to make them for yourself due to incapacity? Many people assume that this is an issue that only the elderly need to consider, but due to strokes, heart attacks, and other debilitating illnesses or accidents it can affect anyone of any age.
If you lose control of your mental facilities your spouse, children, friends or other family members will find it extremely difficult to look after your finances on your behalf. Banks are legally not allowed to give them any information or discuss your finances with them. Read the rest of this entry »
It can prove to be a difficult time following the loss of a loved one to find yourself confronted with lots of paperwork and legal words such as Grant of Representation. It can be baffling and confusing to cut through the legal processes and to arrive at a clear understanding of what needs to be done in your own personal circumstances. Many people think a Grant is always needed and this may not be the case depending on the value of the assets or whether they were held jointly with someone else or in the deceased’s sole name. Read the rest of this entry »
