Is your asset value changing?

Our ‘darling’ chancellor says he’s optimistic when viewing the economy of the UK.
Presumably he doesn’t have to look at an increased council tax bill, an increased gas bill, an increased electric bill and an increased fixed rate mortgage deal. I’ll try not to mention petrol or food!
He did admit the ‘unprecedented shock to the economy’. […]

Statement on the insolvency act

The following statement will be discussed with all client(s) making a Deed of Gift. This generally means when one partner is giving half the property to the other so they become joint owners. They need to prove their solvent position at the time of making the gift of part or all of their property.
STATEMENT ON […]

The Effects of Intestacy

Mr and Mrs Williams were both aged 55. They had a son aged 23 and a married daughter of 27. Mr Williams had recently inherited a house from his mother and had sold this for £80.000; he had invested half this money in shares and the other half was on deposit in the Building Society.
Mr […]

The Rules of Intestacy for will writing

If you die without making a Will, the State makes one for you. At present in England and Wales, your estate is distributed as follows:
1. With no children, parents, brothers, sisters, nephews or nieces - the spouse inherits everything.
2. If there are children, the spouse takes the personal chattels (car, furniture, clothing etc.) and £125,000 […]

Will writing in Cyprus

LSUK were talking with a client who is in the process of acquiring a property in Cyprus, primarily as an investment. He has been told that he must have a Cypriot Will for which he is being charged rather handsomely. We agree that he does need a will in that country because the UK will […]

Elderly Care Plan

The Liberal democrats have finally come forward with their care for the elderly plan and they appear to be suggesting what most people believe to be sensible – older people should not have to sell their home to pay for later in life care home fees or use their lifetime savings. However, this is the […]

A Will writing appointment

After making an appointment, lots of clients ask their professional LSUK consultant ‘what should I do to prepare for our meeting?’ Here’s a list of what LSUK suggest:
 Collect together any previous wills and related paperwork; it will be necessary to look them over to see what needs to be carried forward
 Think about what has promoted […]

Responsibilities of Executors

It’s very important, when you plan to draw up your will to consider who is to be your executor. They’re the person or company who you would like to act for you. Your executor is the person or company who will administer your Will after you die.
They can be anyone you choose, your spouse, […]

Advance Planning: The Advantages Of Living Wills

Nowadays, there are many treatments which offer patients with serious or terminal illnesses the chance to live longer. However, in some cases, these treatments may offer little or no chance of full recovery. They may have side effects that could be considered worse than the illness or leave the person in a condition he or […]

Selling your home to pay care home bills

Selling your home to pay for care home fees now strikes one in five people. Also, six in ten people have no idea what care homes charge until the situation actually arises and then they find the answer is around £25,000 to £30,000 a year.
A Daily Telegraph recent article tells of research by Partnership which […]