Wills, trusts and probate

Inheritance Law Changes

Inheritance Law Changes

Now it’s not every day I can I say that sentence. Unlike some areas of law which change yearly, the law of inheritance has remained constant since the Administration of Estates Act 1925. Subject to a few minor amendments in 1926 and yearly changes to inheritance tax levels, the law surrounding inheritance has been the stable rock of the legal profession.

64% of Britons have failed to make a will – what could this mean for surviving family and friends?

64% of Britons have failed to make a will – what could this mean for surviving family and friends?

Research released recently has disclosed that only 36% of Britons have made a will. Not surprisingly 83% are uncomfortable discussing their dying wishes, however many people do not realise what happens upon death of a person in the absence of a will.

Law Society president Nicholas Fluck commented:

Legal services for older people

It is wise for people to plan ahead and set out what they would like to happen should they one day become unable to make decisions for themselves.

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A Lasting Power of Attorney (LPA) is a legal document which enables someone who has capacity and is over 18 (the Donor) to select another person or persons (Attorney(s)) to make decisions on behalf of the Donor.

If no LPA is in place, it may be necessary to apply for a Deputyship application.

Lasting Power of Attorney

A Lasting Power of Attorney (‘LPA’) is a legal document which allows a person to appoint someone they trust (the ‘Attorney’) to make decisions for them when they no longer have the mental capacity to make them themselves. An LPA has to be made while the person concerned (the ‘Donor’) still has the mental capacity to give their consent to handing over their affairs.

Evening appointments give clients access to legal advice

Evening appointments available at Winston Solicitors with Chelsea Baggott

We are pleased to announce new evening appointments at our North Leeds office. Appointments are available beyond standard office hours on Wednesdays from 5.30pm to 7.30pm to ensure a higher level of flexibility for their clients. 

The evening opening is specifically for will and LPA appointments. Clients can make or update a will or set up a Lasting Power of Attorney.

Passing on wealth to the next generation

Passing on wealth to the next generation

Family trusts remain one of the best ways of passing on wealth to the next generation. Trusts allow assets to be held by persons called trustees on behalf of beneficiaries. The trustees are under a legal duty to maintain the assets of the trusts for the benefit of the beneficiaries. Trustees have to act prudently and comply with the rules set out in the Trust Deed.

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