WillPack

Considerations When Naming Guardians

Considerations When Naming Guardians

Where clients have minor children, they should always consider who they will be naming as guardians for their children. They are free to name any person that they wish, but there are a number of different things that they should consider. Permission The clients should always discuss the appointment with the proposed guardians in advance. … Read moreConsiderations When Naming Guardians

Foreign Property and Wills Abroad

Foreign Property and Wills Abroad

It is becoming much more common in recent years for clients to own assets abroad, such as holiday homes or second homes. Most, if not all, WillPack members come across clients with assets abroad at some stage during their estate planning career. When taking instructions, two of the most important questions you can ask is … Read moreForeign Property and Wills Abroad

Business LPAs

Business LPAs

A general property and financial affairs LPA allows the donor’s attorneys authority over all of the donor’s property and finances. This ordinarily would include any interest that the donor has in a business. However, the donor’s chosen attorneys may not have the relevant skills or knowledge to deal with their business affairs and it may … Read moreBusiness LPAs

IHT Benefits of Spouses and Civil Partners

IHT Benefits of Spouses and Civil Partners

Spouses and civil partners receive a number of IHT benefits over unmarried couples, both in lifetime and on death. These various reliefs and exemptions also open up many more IHT effective methods of planning in their wills. This article will provide an overview of these benefits. Gifts in Anticipation of Marriage If a client knows … Read moreIHT Benefits of Spouses and Civil Partners

Assessing Care Fees: Disregarded Capital

Assessing Care Fees: Disregarded Capital

In last week’s article we covered how income and capital is assessed by local authorities when deciding whether a person should pay for their own care. In addition to this, there are a number of different types of capital that will be disregarded from the financial assessment. Main or only home A persons main or … Read moreAssessing Care Fees: Disregarded Capital

Assessing Care Fees: How Income and Capital is Assessed

Assessing Care Fees: How Income and Capital is Assessed

If a person goes into residential care, their local authority will need to carry out a financial assessment to determine how much that person can contribute towards their care home fees. This is known as the means test. Both the income and capital of the person will be considered by the local authority, although there are … Read moreAssessing Care Fees: How Income and Capital is Assessed

Legal Corner: How do Anniversary and Exit Charges apply to a FLIT?

Legal Corner: How do Anniversary and Exit Charges apply to a FLIT?

At WillPack we get a large number of technical queries from our partners. This means the team is often looking into very varied and interesting areas of law. In this new feature of the newsletter we will focus on some our more unique queries and pass that knowledge on to you! This week, we will … Read moreLegal Corner: How do Anniversary and Exit Charges apply to a FLIT?

Registering an LPA: What happens when an LPA is sent the OPG

Registering an LPA: What happens when an LPA is sent the OPG

Once a Lasting Power of Attorney (LPA) has been signed correctly, it must then be sent to the Office of the Public Guardian (OPG) to be registered before it can be used. The LPA does not need to be registered immediately after it is signed, for example the donor may wish to wait until they … Read moreRegistering an LPA: What happens when an LPA is sent the OPG

Objections to the Registration of an LPA

Objections to the Registration of an LPA

When an application to register an LPA is being submitted with the Office of the Public Guardian (OPG), a number of different parties will receive notice of that application. This is to ensure that relevant people are aware of the registration, as there may be a valid reason why that LPA should not be registered … Read moreObjections to the Registration of an LPA