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Hannah McGavin
 

Should I prepare my Will with a lawyer? - How a property mogul's £100 million Will failed because he didn't know what it contained

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The Will of a wealthy property investor has been overturned by the High Court on the basis that he did not know and approve of the contents. Property tycoon Kevin Reeves, raised as an orphan in a convent, built up an...

Probate fee increase and what it means for a lay executor

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Probate fees increased in January 2022 to a single flat rate of £273 for all applicants. This replaces a system that had two different fees, namely £215 for individuals applying for probate themselves and the reduced fee of £155 payable...

What can an attorney do under a Lasting Power of Attorney?

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If you have been appointed as someone’s attorney under a Lasting Power of Attorney you will have the authority to make certain decisions on their behalf. There are two types of Lasting Power of Attorney – one in respect of property and financial...

Inheritance tax - lessons to be learned from celebrity mistakes

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With the usual rate of Inheritance Tax standing at 40%, there is a risk that your estate could be seriously depleted unless you make plans to legitimately minimise the amount that will be payable. When Philip Seymour Hoffman died in 2014, he left a Will...

Setting up a Power of Attorney: A step by step guide

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A Lasting Power of Attorney is an important document giving someone the authority to deal with your affairs, should you ever become unable to do so yourself. There are two types of Lasting Power of Attorney (LPA), one that deals with property and financial...

What happens if you do not want to take up the role of executor?

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It is sometimes the case that the person named in a Will as the deceased’s executor is unable or unwilling to take on the role. The task of executor can be complex and time-consuming. It involves identifying and valuing all of the deceased’s...

Dealing with financial affairs after someone has died

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After someone dies, their executor or administrator will be responsible for finalising their financial affairs. This involves collecting all of their assets and belongings and either selling them or transferring them in accordance with their Will or,...

How quickly do I need to apply for probate after someone dies?

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After someone dies, their personal representative will generally need to apply for a Grant of Probate or, if they did not leave a Will , a Grant of Letters of Representation. This is the legal authority that will enable them to wind up the deceased’s...

One wrong digit and my inheritance was gone

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A recent article in The Guardian shows the dangers of giving the wrong account details when arranging bank transfers. The article reports that the client was in discussions with the solicitors dealing with his late father’s estate, regarding the...

Coronoavirus - do I have my affairs in order?

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Has the Coronavirus (Covid-19) made you stop and think ‘Do I have my affairs in order?’ With more and more cases of Covid-19 being diagnosed every day, the country is preparing to implement social distancing measures. This...

Why use a Solicitor to write your Will?

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Why use a Solicitor to write your Will One of the benefits of using a solicitor to write your Will is the level of protection and security that there is for the client. There are many unregulated options available to write a Will, including DIY Wills,...

Who will make the decisions if you can't?

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Who is going to make decisions for you when you can’t? The answer may surprise you…. If something was to happen to you and you couldn’t make decisions about your finances or personal wellbeing, your family or friends would be able to...