by Oliver Saxon | Oct 23, 2022 | Wills & Trusts
It is often believed that Mutual Wills and Mirror Wills are the same thing. But legally, they are very different and should not be confused. In both cases, they are made by couples who have similar wishes – usually this is leaving everything to each other and then...
by Oliver Saxon | May 19, 2022 | Organisation
No one wants to think about their own demise, but there are plenty of steps you can take to make matters easier for your loved ones. At an already stressful time, a little bit of organisation now can leave them with one less thing to worry about. A survey from 2020...
by Oliver Saxon | Apr 28, 2022 | Property, Wills & Trusts
With current terminology in will documentation having been used for around 200 years, it’s not surprising that some of these old-fashioned terms are confusing! Many people put off making their will due to fear that they won’t understand the over-complicated...
by Oliver Saxon | Mar 26, 2022 | Wills & Trusts
It is often believed that Mutual Wills and Mirror Wills are the same thing. But legally, they are very different and should not be confused. In both cases, they are made by couples who have similar wishes – usually this is leaving everything to each other and then to...
by Oliver Saxon | Mar 9, 2022 | Wills & Trusts
Legal firms have seen a rise in “trust clauses” or conditions specifying when an inheritance is paid, as parents and grandparents attempt to control their wealth from beyond the grave. Experts say soaring property prices, longer lifespans and a rise...
by Oliver Saxon | Mar 2, 2022 | Lasting Powers of Attorney
Following a recent survey carried out by Which? it has come to light that thousands of people are unaware of how the lasting power of attorney process works and how banks can often cause avoidable problems for people registering as attorneys.A Lasting Power of...
by Oliver Saxon | Jan 21, 2022 | Wills & Trusts
The government announced last week that virtual witnessing of wills in England and Wales will continue to be permitted until at least 31 January 2024. The practice was authorised under legislation introduced in 2021, under an amendment to the Wills Act...
by Oliver Saxon | Dec 20, 2021 | Wills & Trusts
Are you aware that when you use gifts as part of your final inheritance tax planning, not only will you receive the joy of giving your loved ones a gift, but you can even reduce your inheritance tax liability. Understand the definitions of a gift A gift could be...
by Oliver Saxon | Dec 20, 2021 | Lasting Powers of Attorney, Wills & Trusts
Experts have warned that the proposed changes to UK law risk substantially increasing financial abuse of older people. Plans by the Law Commission and the Ministry of Justice to modernize Lasting Powers of Attorney aim to make procedures simpler and easier but both...
by Oliver Saxon | Nov 25, 2021 | Lasting Powers of Attorney
Most people understand the benefits of a lasting power of attorney (LPA), which allows an individual to nominate someone to make decisions on their behalf if they become incapacitated in some way. But not everyone knows what a business LPA is and how it can be used to...
