- Written by: Jason
- Category: Care Home Fee Planning, Document Storage, Funeral Planning, Inheritance Tax Planning, Lasting Power Of Attorney, Probate, Tenancy Status / Land Registry, Will Writing
- Published: 17th December 2013
Confused About Will Writing and Estate Planning Terminology?
In order to help you through the maze of Will Writing and Estate Planning technical Terms. Mind At Rest Wills have put together an A to Z glossary of the most common legal terms used in writing your Wills and Trusts, we hope you find it useful.
Administrator
- Written by: Jason
- Category: Will Writing
- Published: 11th December 2013
The decision on how and where to store your Will is as important as the initial decision you made to instruct your Will and wishes to be written in the first place. And it is a decision that you should not delay in making.
Ideally, your Estate Planning Consultant or Solicitor would have brought this to your attention at the beginning of your discussions. But if this is not the case and your Wills and Trust’s documents are just sitting in a drawer somewhere you need to act now.
- Written by: Jason
- Category: Uncategorised, Will Writing
- Published: 3rd December 2013
If you have made a Will and have children under the age of 18. You would have nominated Guardians for your children and these are the people you are entrusting the care and legal guardianship of your children in the event of your death.
If you die without making a Will you die intestate and English law applies to both the estate and any children under the age of 18 that you leave behind? Normally the law allows for the custody of any children under 18 to pass to any surviving parent.
- Written by: Jason
- Category: Will Writing
- Published: 26th November 2013
Blunt as it may sound, if you are putting off making a Will, planning on getting round to it at some stage. Be aware that this could be both costly and detrimental to the ones you love.
There may be many genuine reasons why you are putting off making your Will. For example, you may just not like thinking about your own mortality. You may be extremely busy with other elements of your life, always having the idea in the back of your mind planning to get around to it one day but you never seem to get there.
- Written by: Jason
- Category: Uncategorised
- Published: 20th November 2013
I recently had an enquiry from a Mind at Rest Wills client regarding the best way to approach storing and preserving a single digital file that was only to be opened by one nominated person in the event of their death. Hence the name of this post.
Now because the file in question was in digital format, it soon became very clear that a standard real-world Will, would not do the job and different areas needed to be explored in order to meet my client’s needs.
- Written by: Jason
- Category: Uncategorised
- Published: 11th November 2013
What is a Notary Public?
If a member of your family has recently died whilst owning assets such as overseas property and they did not make a Will in the country their property is located in.
It is very likely that in order for the appropriate overseas authorities to be able to transact with you. They need to be sure that the documentary evidence you are giving them is genuine.
To prove that your documents are valid and that you have the right to act on the deceased behalf, the particular country’s authorities may require the document to be notarized by a notary public.
- Written by: Jason
- Category: Will Writing
- Published: 3rd November 2013
Whilst everyone should make a Will statistics currently show that two out of every three people in the UK have yet to do so.
For whatever reason, putting off making your Will is a bad move.
Even those that have made a Will may not have put the correct Estate Planning in place to protect their children’s and grandchildren’s inheritance.
Dying without putting the correct Will and Estate Planning in place puts your home and assets at risk from the following scenarios.
- Written by: Jason
- Category: Care Home Fee Planning
- Published: 28th October 2013
According to insidegovernment.co.uk more than ten million people in the United Kingdom are currently aged over 65. And it is estimated that by 2035, the number of people aged 80 or older is projected to reach 3.6 million.
There is an increasing number of older adults with conditions such as dementia that require them to enter a care home in later life.
- Written by: Jason
- Category: Tenancy Status / Land Registry
- Published: 21st October 2013
When you buy a property whether paying cash outright or with the help of a mortgage. The process of conveyancing takes place to convey the property into your ownership and register this with the Land Registry.
The Land Registry is the government department created in 1862 to register the ownership of land and property in England and Wales.