by Graham Southorn | Aug 9, 2023 | Asset protection
You might be concerned about the rising cost of care fees – many people are. You might also have heard people mention “tenants in common” as a way of preventing your home being included in a means assessment. And so it’s only natural to wonder, as some of my...
by Graham Southorn | Aug 7, 2023 | Power of Attorney
Putting Lasting Powers of Attorney in place is highly recommended. Indeed, many legal professionals consider these vital documents even more important than Wills. It’s partly because the population is ageing, and partly the problems and extra expense that your...
by Graham Southorn | Aug 4, 2023 | Asset protection
A recent article on This Is Money highlighted the sad case of Janice Chapple, who lost out on her inheritance due to the fundamental pitfalls of basic mirrored Wills. The article describes how Janice’s mother, Phyllis, and stepfather Vic made Wills at the same...
by Graham Southorn | Aug 3, 2023 | Inheritance tax
Following a great deal of coverage of Inheritance Tax over the last few days, The Telegraph published letters from two readers who made interesting points on the subject. Michael Jones wrote that: If your home is worth less than £325,000 – as mine is, and as are many...
by Graham Southorn | Aug 3, 2023 | Wills
In July 2023, the Government increased something called the “statutory legacy”. To be precise, it went up from £270,000 to £322,000. Is this good news? Let’s dive in. For starters, the statutory legacy only applies if you die without a Will. If you have got a...
