Lasting Powers of Attorney - what can go wrong?
- Monday, 19 November 2018
- Written by Jenny Fothergill
What’s the difference between a Will and a Power of Attorney?
Will: a legal document which deals with the disposal of a person’s estate when they die.
Power of Attorney: a legal document which appoints an Attorney to act on behalf of someone else whilst they are still living, but unable to deal with matters themselves – ie., due to losing their mental capacity or because they need to delegate the responsibility due to physical incapacity or other reason.
When is a will invalid?
- Wednesday, 17 October 2018
- Written by Jenny Fothergill
You’ve made a Will, but when is a Will not Valid?
Anyone (of sound mind and over 18) can make a Will. Off-the-shelf or online kits are readily available, but it isn’t as easy as filling out the forms and ticking the boxes.
When should I review or update my will?
- Tuesday, 18 September 2018
- Written by Jenny Fothergill
You’ve finally got around to making your will after many years of putting it off, and as you sign, you give a sigh of relief that ‘everything is now sorted’. So how long should you leave it before you review or re-write your will?
Drawdown pensions - the ticking timebomb?
- Wednesday, 11 July 2018
- Written by Jenny Fothergill
Pension Freedoms and the importance of a Lasting Power of Attorney
Do you have a drawdown pension? Or are you a financial adviser for clients with pensions? Four out of five retirees (79%) using pension freedoms to manage their retirement savings face a potential ‘later-life financial crisis’ as they have not yet set up Lasting Power of Attorney (LPA), Zurich has warned.
Have you gone paperless? Don’t let your digital assets die with you.
- Tuesday, 12 June 2018
- Written by Jenny Fothergill
Much of our information is now stored online, or in the cloud. If you have ‘opted to go paperless’, you could be saving paper, but you may be creating problems for your loved ones if you die. Will your executors or loved ones know how to find out what accounts you have, where you have money, savings, shares, investments, PayPal or trading accounts? What about your social media and online accounts such as email, Facebook, twitter, Instagram, eBay, music, blogs, photos, etc? If you leave details and passwords somewhere, what about security?
