Will dispute experts at leading national law firm Irwin Mitchell Private Wealth are warning of the importance of updating a will after a deceased man’s young children had to go to court to apply for maintenance. Bianca Maria Corrado, who had a long-term affair with the late Malkiat Singh Ubbi, was awarded £386,000 against Mr […]
Those of us in private client practice will no doubt have come across the scenario of Attorneys, acting under a Lasting or Enduring Power of Attorney, misusing Donor’s money. More often than not they have a reasonable explanation; usually that they didn’t realise what they were doing was wrong or had not understood the boundaries […]
Most people in the United Kingdom are at risk of not having their final wishes respected after their death as they have no will in place, according to new research from Which? Legal. The survey revealed that less than a third (31%) of those in Scotland have written a will, compared with 35% in Wales. […]
Since the introduction of the UK’s auto-enrolment system for workplace pensions, the cost of saving up has become a dilemma for many. Below Lawyer Monthly hears from David Bird, Head of Proposition Development, LifeSight, Willis Towers Watson, on the issues behind this predicament. The first workplace pensions were given to nurses in 1874 and we […]
There have always been fraudsters and thieves, but Pensions Freedoms, which came into force April 2015, may have made it easier for scammers to prey on the unwary looking for higher rates of return on investments. This is according to Geoff Bouchier, Managing Director at Duff & Phelps, the global advisor that protects, restores and […]
Some people decide to blow the kids' inheritance on a round-the-world cruise or a fairytale chateau in France. Good luck to them! But some unfortunate pensioners end up spending a whole load of money on nothing at all. We're not talking about playing the lottery, or getting caught out by scams like ostrich farms or […]
Glen Wagstaff, Founder and Managing Partner at Inter Vivos, PLLC, believes planning around your estates for the future is as much about values as it is about the assets themselves. Glen and his firm are on a mission to make “proper planning affordable and accessible for everyone” in a family focused environment that challenges […]
Do you want to specify exactly where your assets will go after you pass away? Do you want to avoid the probate process? Do you want to make certain that assets won’t be given outright to a minor or that your young children are responsibly taken care of – money wise? Then it is time […]
Chris Longbottom, Partner in Family Law at Clarke Willmott LLP, discusses with Lawyer Monthly that there are common misconceptions which are preventing the use of pre-nups for those in need of them most. Pre-nuptial agreements are a sensible and important wealth management tool for those seeking to protect family wealth; so why are they still […]
A new refund scheme for lasting power of attorney (LPA) applications was introduced at the beginning of February, but could it be the Ministry of Justice’s best kept secret? Elizabeth Young, partner at Roythornes Solicitors, looks at the scheme a month on from its launch and questions why not many people appear to know about […]
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