If you registered a Lasting Power of Attorney (LPA) or an Enduring Power of Attorney (EPA) between 1 April 2013 to 31 March 2017, you may be eligible for a refund if you paid a fee. The deadline for your claim is 31 January 2021.
According to a YouGov survey, 2/3 of people in the UK do not have a Will. Bik-ki Irving, Wills, Trust and Probate, Partner at Altrincham-based Myerson Solicitors, explores the dangers this presents – and why legal help is important when drafting one.
It was reported this week that the Chancellor of the Exchequer, Philip Hammond, has written to the Office for Tax Simplification to ask them to review Inheritance Tax (“IHT”). He has asked them to focus on three aspects: the process for paying it, whether the various exemptions and reliefs are consistent with each other, and … Continued
There has been a lot in the media recently about LPAs, in particular financial abuse. Most astonishingly, former Court of Protection Judge Denzil Lush said that he would never sign an LPA because it could have a “devastating effect” on family relationships but is this simply because all the cases brought before him were the … Continued
From a private client point of view, this year’s budget was more significant for what it didn’t say than what it did. It was no surprise that there were no changes to Inheritance Tax. In 2015, the Government introduced the “Residence Nil Rate Band”, which is an additional allowance against Inheritance Tax for the family … Continued
Last week saw a decision from the High Court stopping attempts to change a Will made in 1990 by a 78 year old property developer, Michael Collins, leaving the vast majority of his fortune to the National Trust. Mr Collins and his wife in 2005 had a major dispute with the charity over building plans … Continued
It was not long ago when we saw the Law Commission brand the current system of making Wills outdated and that it should be updated to keep up with the digital age. Whilst the subject of Wills is under consultation until 10th November 2017, the attention has now turned to Powers of Attorney.
The former Senior Judge of the Court of Protection, Denzil Lush, has raised hackles today with his comments about Lasting Powers of Attorney. Lasting Powers of Attorney (“LPAs”), and their forerunners, Enduring Powers of Attorney (“EPAs”), enable people to appoint a person of their choice (usually their spouse or children) to deal with their property … Continued
The Government appears to be suffering from schizophrenia with regard to court fees. Like some other Government agencies, the Office of the Public Guardian (“OPG”), which is part of the Court of Protection, is only allowed to charge the actual cost of its services. In its recent annual report it was found the fees charged … Continued