Later Life Planning for Unmarried Couples

Elderly Couple Sitting Outdoors

Be Prepared The UK has seen a massive increase in the number of unmarried, cohabitating couples – from 1.5 million in 1996 to 3.3 million in 2017. It’s tempting to believe that the law will have caught up with this change. In truth, unmarried couples are at considerable financial risk when it comes to inheritance.…

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How to Help Your Elderly Parents with Finance

Older man and son looking into distance

Start talking A report from HMRC showed that a shocking 79% of people haven’t discussed their medical care, or later life plans, with loved ones. This can cause serious financial issues in the future, which can be difficult to deal with as people get older. If you suspect your parents are struggling with their finances, acting now…

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Inheritance Tax Planning

Family Taking a Photo

What is Inheritance Tax? Inheritance Tax (IHT) is a tax on the estate of someone who has passed away. It takes into account all of your property, possessions and money, such as: Bank accounts Your home(s) Land Shares Vehicles A payout from an insurance policy Jointly-owned assets Investments Pensions Art and jewellery It applies to…

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Older couple embracing

What is Deputyship? Some people don’t have a Lasting Power of Attorney (LPA) in place when they lose the capacity to make decisions. If this happens, someone must apply for Deputyship, which can be a long and expensive process. You can avoid this by setting up an LPA. A Deputy is in charge of someone’s finances and…

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Living Wills

Doctors consulting

What is a Living Will? A Living Will is a legal document that advises your loved ones and medical professionals of your health and social care wishes. It would be used should you lose the capacity to make decisions or communicate them. A Living Will is comprised of an Advance Statementand/or Advance Decision. An Advance Statement states…

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Care Home Fees

Old hands resting on walking stick

Worried about care home fees? Are you concerned about care home fees: wondering who will pay for them or if you will have to sell your home? Look no further – we will answer all of your questions. Whether you have to pay for your care home fees depends on your finances, property and healthcare…

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Holiday Let Owner Wins Business Property Relief Case

Exterior of beach house

In a landmark case, the Executors of the late Grace Joyce Graham have won against HMRC, allowing Business Property Relief (BPR) to be claimed on her holiday let. Mrs Graham owned a holiday letting business which was part of her family home on the Isles of Scilly. This was run on a day-to-day basis by…

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DIY Wills Causing a Rise in Family Disputes

Hands hugging old woman

A recent report has highlighted the dangers of DIY Wills. Without the guidance of a professional, self-written Wills can cause major family disputes. With only one third of adults in the UK having written a Will, levels are worryingly low. Yet more people than ever are choosing to write their own. 40% of people surveyed…

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Soul Legend Aretha Franklin Did Not Leave A Will

Aretha Franklin

Aretha Franklin did not create a Will before she died, court documents revealed. After years of declining health, Franklin died at the age of 76. She was attended by friends and family at her home in Detroit, Michigan. Known by fans as the Queen of Soul, she won 18 Grammy Awards and sold over 75…

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New Campaign Spreads Awareness of Pension Scams

Senior Couple Meeting

A new campaign launched by The Pensions Regulator (TPR) and the Financial Conduct Authority (FCA) aims to make people more ‘ScamSmart’ about pension scams. With their credible websites and testimonials, it can be hard to distinguish scammers from the real thing. The new ScamSmart campaign aims to raise awareness about phoney pension plans. It also…

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