New guidance has been issued by the Office of the Public Guardian (OPG) to help Deputies who are looking after the affairs of a loved one, in all aspects of making family care payments. That is, where the appointed Deputy or someone else connected to the person who is being looked after, is being paid …
If you are thinking of making a Lasting Power of Attorney (LPA), one of the most important things to consider is who to appoint as your Attorneys. Foremost in your mind might be reflecting on who you trust to act in your best interests. This is an excellent place to start, but it should not …
The Importance of Choosing Attorneys who will Cooperate Read More »
Before answering the question itself, it should be explained that a Personal Representative (PR) is someone who is dealing with a deceased person’s estate. The term covers both executors (who are named and appointed in the Will) and administrators (who deal with the estate if there is no Will or no appointment was made). There …
We wrote an article last month talking about the how the Conservative Government planned to introduce a secondary ‘family home’ allowance for Inheritance Tax (IHT). Following the Budget last Wednesday, George Osborne set out how this might work as part and parcel of his five year plan ‘to keep moving us from a low wage, …
The new family home allowance for Inheritance Tax Read More »
Now that the Conservatives have formed a government, what’s next for their planned inheritance tax shake up? During the election campaign, you’ll remember the Tory’s promise to remove family homes worth up to £1m from Inheritance Tax, but what does this really mean and how is it proposed to work? The way Inheritance Tax currently …
In the very recent case of N & S v E & M (2014), the Court of Protection (the Court in England and Wales which has jurisdiction over the property, financial affairs and personal welfare of people who lack capacity to make decisions for themselves) has ruled that a Lasting Power of Attorney is only legally …
When is a Lasting Power of Attorney legally created? Read More »
