Firstly Divorce... It should be noted that a will is NOT revoked on divorce, BUT
The recent stockmarket volatility after the referendum has focused the importance of active management of investments and pension funds to maximise returns and prevent losses.
Solicitors tend to make strong arguments to have professional executors so the Will is executed professionally. On the other hand Will writers tend to allow the client to choose family members as executors and only choose professionals if no one comes to mind.
Many advisers ask this question, and the truth is that planning is severely restricted but sometimes possible.
The summer Budget introduced a new Family home allowance to start in April 2017.
Further to my recent article HMRC have been remarkably swift to reply to the complaint in our blog!
The other names for this type of trust are Family Trusts or Spousal By-pass Trusts. It's nothing to do with airline pilots!
Let's assume you live in England and have a villa in Spain. Like all things from the European Union you know it's going to be complicated. However this is good news for UK residents. It will allow you to avoid Spanish succession law and choose the law of, say, England and Wales.
The Government has launched a new advertising campaign aimed at those that have not yet sorted out a Will or Lasting Power of Attorney. Interestingly for the Lasting Power of Attorney it is not just aimed at the elderly. It is suggesting that younger people too can suffer an accident (as in the rugby image above) causing lack of mental capacity and you should think about having a Lasting Power of Attorney.
This is our way of communicating some of our ideas. We are driven by one principle. That is that we give those that should write a Will an opportunity to do just that. They can talk to a Will writer face to face, to ask questions, and in the comfort of their own home or place of work. All this done at a price, and with skills that are the envy of many high street solicitors.