What is the difference between an Executor and Trustee? Your will should specify who is executor, and who is trustee (the roles are different). If trusts arise under your will (and they may without you even knowing), you will need to appoint both executors and trustees. Choosing the right people [...]
Who should I choose as Executor of my Will? Being the executor of a will is a time-consuming - so be sure the person you choose as your executor is happy to take on that role. A will is one of the most significant legal documents we ever sign. And [...]
5 Top Reasons to use a Solicitor to prepare your Lasting Power of Attorney (LPA) Preparing an LPA yourself and getting it wrong can be very costly. Getting your Lasting Power of Attorney wrong can be time consuming and costly. Here, we look at 5 top reasons for why you [...]
How much does it cost to Make a Lasting Power of Attorney (LPA)? The OPG charge extra if you get your LPA wrong and it is rejected. What types of Lasting Power of Attorney (LPA) are there? There are two types of Lasting Power of Attorney (LPA) – Health & [...]
How do I Register a Lasting power of Attorney (LPA)? Registration of an LPA follows a particular format - the basics of which we explain here. For your Lasting Power of Attorney (LPA) to work (for your attorneys to be able to act on your behalf), the LPA must first [...]
Making Gifts under a Lasting Power of Attorney (LPA) Strict rules apply to attorneys when making gifts under an LPA Deciding whether to give a gift is an important part of being an attorney under an LPA. However, you need to be aware of the limits you have to do [...]
Should I include preferences and instructions in my Lasting Power of Attorney (LPA)? Including preferences in your LPA gives your attorney helpful guidance and instructions on what they can do on your behalf. Both types of Lasting Power of Attorney (LPA), health & welfare and property & financial affairs, have [...]
Excepted Estates - When is Probate not required? Probate is generally required where assets (of more than £5k) are held in the deceased's name. A grant of probate is the legal authority given to executors to allow them to ‘administer’ a deceased’s estate. Think of it like the ‘driving license’ [...]
What is Probate? Probate is granted to executors allowing them to deal with an estate. Probate is the term often used to describe the process of administering the estate of a deceased person. In fact, Probate is the Court Order made in favour of the executors of a Will giving [...]
Probate Checklist - What to do when someone dies This simple guide to probate gives executors a helpful checklist on what to do when somebody dies. Losing a loved one is a tough time. And, if you are appointed as an executor in the deceased’s will, you will have lots [...]
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