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Insights

Statutory Wills

Posted on 27th June 2022 in Probate & Wills

A marriage can be held to be voidable under the Nullity of Marriage Act 1971 where a person enters into a marriage without the mental capacity to do so.

Posted by

Sue Halfyard

Senior Associate and Chartered Legal Executive

Insights

What happens if you do not make a Power of Attorney?

Posted on 16th June 2022 in Probate & Wills

Are you thinking about appointing someone to help with your affairs, either now or in later life? Are you worried about what might happen if you are no longer able to deal with things yourself? It may be a relief to know that there are options available, if you do lose the capacity to manage your affairs yourself or simply feel that you need a helping hand.

Posted by

Emma Ruttley

Solicitor

Insights

Two-thirds of those planning to retire this year will work part-time to keep up with the rising cost of living

Posted on 06th April 2022 in Probate & Wills, Later Life Planning

Abrdn have surveyed 2,000 of Brits and the results show that instead of retiring, many of us are considering part-time work with two-thirds (66%) planning to remain in some form of employment in 2022 compared to 56% in 2021 and 34% in 2020.

Posted by

Sue Halfyard

Senior Associate and Chartered Legal Executive

Insights

22% of Wills made through legal advisers include charitable bequest

Posted on 06th April 2022 in Probate & Wills

It has been reported that more than 1 in 5 Wills prepared by UK legal advisers (22%) now included a donation to charity.

Posted by

Sue Halfyard

Senior Associate and Chartered Legal Executive

Insights

Registration of Trusts with H M Revenue & Customs

Posted on 25th March 2022 in Probate & Wills, Later Life Planning

The Financial Times has reported that as many of 1 million trusts in the UK could be caught by a new requirement to register trusts with HMRC.  Failure not to register could result in the risk of fines and potentially difficulties accessing professional advice.

Posted by

Sue Halfyard

Senior Associate and Chartered Legal Executive

Insights

Change to LPAs allows discretionary fund management

Posted on 25th March 2022 in Probate & Wills, Later Life Planning

The OPG is expected to update its LP12 guidance note to confirm that attorneys will not require specific wording in order to instruct discretionary fund managers.

Posted by

Emma Ruttley

Solicitor

Insights

Department for Health and Social Care issue a consultation on draft statutory guidance concerning the care charging reforms

Posted on 14th March 2022 in Probate & Wills, Later Life Planning, Safeguarding Vulnerable Clients

The government announced in September 2021 charging reforms and their commitment that personal care costs in England will be capped at £86,000 over a person's lifetime. This is scheduled to take effect in October 2023.

Posted by

Sue Halfyard

Senior Associate and Chartered Legal Executive

Insights

Estate Administration - missed assets and liabilities

Posted on 04th March 2022 in Probate & Wills, Later Life Planning

One of the main roles of a personal representative’s role is to identify all the assets and liabilities in the estate.  

Posted by

Sue Halfyard

Senior Associate and Chartered Legal Executive

Insights

78% admit to not seeking advice on retirement plans

Posted on 16th February 2022 in Probate & Wills, Later Life Planning

New research by abrdn reveals four in five (78%) retirees admit they have not sought any professional financial advice on their retirement plans.

Posted by

Sue Halfyard

Senior Associate and Chartered Legal Executive

Insights

Increase in Probate Court fees

Posted on 24th January 2022 in Probate & Wills

It has been confirmed by the Ministry of Justice (MoJ) that the fee for probate applications is changing and all users of the probate service will pay a higher fee.

Posted by

Sue Halfyard

Senior Associate and Chartered Legal Executive

Insights

Number of millennial's drafting wills has increased by almost 10% over the last two years

Posted on 24th January 2022 in Probate & Wills

It has been reported that more millennials than ever before are writing their wills in case they die unexpectedly.

Posted by

Sue Halfyard

Senior Associate and Chartered Legal Executive

Insights

Video-witnessed wills legalisation extended

Posted on 13th January 2022 in Probate & Wills, Coronavirus Pandemic

The Ministry of Justice introduced legislation to allow for wills to be witnessed via video-link up and this has now been continued to allow vulnerable people to use this method of executing their wills until 31 January 2024.

Posted by

Sue Halfyard

Senior Associate and Chartered Legal Executive