What is an LPA? A Lasting Powers of Attorney document (LPA) is a legal document allowing someone to make decisions for you, or act on your behalf, should you become unable to do so yourself. Having an LPA is especially important if you own a business. How do I go about choosing an attorney? When…
The term ‘Grandparent Will’ is becoming more widely used these days but how do you go about protecting your grandchildren’s inheritance with a grandparent Will exactly? What is it and what are the advantages of it? Lucy Wilton, from Penderlaw Solicitors explains… A Grandparent Will is what we would term a Flexible Will. Many couples…
Diego Maradona’s turbulent and colourful private life often hit the headlines during his lifetime and is doing so again following his death. Dying without a Will, despite his fame and fortune, and with numerous paternity claims and a series of tangled relationships, it is likely that there will be a lengthy and expensive legal battle…
The death of our parents is not something any of us want to think about, let alone talk about. But, as Leah Chenoweth from Penderlaw’s Wills, Trusts and Probate department explains, facing up to these difficult conversations and beginning some Estate Planning with your parents now is likely to save you a lot of heartache…
Some thoughts on your digital life and passing on your digital memories, amongst other things… Winter used to be a time when I would sit by the fire and spend time making up photo albums from the year gone by. A cosy heart-warming thing to do on a cold evening, looking though memories of summer…
A sad story in the news this week got me thinking. Poor Kate Garraway, the well-known TV presenter whose husband is still in hospital fighting the lasting effects of coronavirus, is apparently struggling to manage their personal financial affairs because her husband did not have a Power of Attorney. At 53, this is not at…
Being asked to be someone’s Executor is a great compliment as it means they trust you implicitly to sort out their affairs. However, it also brings with it a great deal of responsibility, and not to put to fine a point on it, a reasonable amount of hard work too. Lucy Wilton from Penderlaw’s Wills,…
The pandemic has presented endless challenges to our daily lives. One challenge now being addressed by the government is new temporary legislation making video witnessing of Wills temporarily legal. Under the current law, a Will must be made in the physical presence of at least two witnesses who have had to be in each other’s…
There is a bewildering array of terminology used around the process of dealing with a person’s assets and liabilities when they die. Lucy Wilton from Penderlaw’s Wills, Trusts and Probate team runs through the basic terms associated with Estate Administration and Probate and discusses issues which can commonly arise with DIY Estate Administration. Words such…
Will Inheritance tax apply to me? Many people do not consider themselves to be wealthy enough to be affected by inheritance tax and unfortunately get caught out by life’s final taxation. With over 28,000 Estates liable for inheritance tax in 2016-17, it’s worth looking at ways to legally minimise the amount of inheritance tax your…
