Will Writing and Powers of Attorney in Beaconsfield
Have you thought about how you will leave your business in your Will? There are a number of issues which business owners need to consider when thinking about succession planning. (1) Who will inherit your business? Who would you want to receive your business, if you died? You may be fortunate enough to have one... Continue Reading →
Power of Attorney Disputes
I'm experimenting with some car signs, to increase brand recognition locally. My husband assures me that this will result in a large increase in the number of calls received...from people telling me off about my driving! Surely not. It would be great to hear if you've spotted a Chiltern Wills car on your travels yet.... Continue Reading →
Can Power of Attorney pay themselves? Acting as an attorney is a labour of love, and I've heard this question touched on guiltily many times, even by the most patient and long-suffering of attorneys. They have typically spent endless amounts of their own time -and usually money - over the years, looking after the donor... Continue Reading →
Understandably, many people ask how they can avoid nursing home fees. The fees are extremely costly - around £1,000 a week - and can quickly decimate an estate. I had a call from a client recently who said that his mother-in-law's care had cost £400,000 in the last few years of her life. He wondered... Continue Reading →
I regularly meet clients who made Enduring Powers of Attorney (EPAs) before the law changed in 2007, when Lasting Powers of Attorney (LPAs) were introduced. These clients often ask "Is an enduring power of attorney still valid?" The answer to this is "Yes", although there are a number of reasons which may lead you to... Continue Reading →
Sometimes, for a variety of reasons, a family will find themselves asking, "What happens if you don't have a power of attorney?" An elderly person sometimes loses mental capacity without having made powers of attorney in advance, which can be a very awkward situation. If possible, it is far preferable to make powers of attorney... Continue Reading →
If you find yourself asking the question "Should I get married for tax reasons?", you probably already know that the answer is going to be "Yes." There are many long-term, committed couples out there who for one reason or another have never got around to tying the knot. Perhaps one (or both) of you has... Continue Reading →
Can power of attorney make gifts on behalf of the person they act for ("the donor")? In short, yes, in certain limited circumstances. Fundamentally, an attorney's role is to look after the donor's financial best interests, and the rules surrounding gift-giving are there to protect the donor and to give the attorney guidance. Where possible,... Continue Reading →
Clients ask me from time to time "Can Power of Attorney change a Will?" It's an interesting question, and you would think the answer should be "Definitely not." In fact, believe it or not, there are circumstances in which an attorney can apply to court to change a person's Will. The person in question must... Continue Reading →
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