There is now a prompt on the majority of fact find documents to ask your clients whether they have a will but, sadly, there isn’t a similar attention given to asking about lasting powers of attorney (LPA).
With there still being around 59% of eligible adults who have not written a will, would introducing oral wills lower this percentage?
There are many arguments around oral Wills, but why is this something that should be approached with Caution?
Whether your clients are just married, planning their weddings now, or have been married for several years, one of the last things they may think about is Wills at such an exciting time. But, how important is a Will when we change our marital status and do you really need to review this at this point?
‘Tax doesn’t have to be taxing’ is one of HM Revenue & Customs’ favourite stock phrases, trumpeted during the simplification of income tax returns and periodically revived as a slogan whenever tax legislation undergoes change...
Many clients who have their later life planning under control say it was easier than they thought and they felt better once they had dealt with it so here Erica Hancock offers eight points for advisers to talk through.
A staggering 850,000 people in the UK are currently suffering with dementia, a statistic that the Alzheimer’s Society say will grow over the next decade. It is forecasted that around 2 million people will have dementia by 2051 and it is currently estimated that approximately 1 in 3 people born in 2016 will become sufferers.
The controversial plans to increase probate fees have been put on hold. In light of the snap general election in June of this year, the Ministry of Justice have advised that there is not enough time push the changes through Parliamentary review.