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Lasting Powers of Attorney are not just for the elderly!
Posted: 12th January 2024
Interestingly, a lot of people know about the importance of putting Wills in place but very few know about the importance of putting Lasting Powers of Attorney in place. Lasting Powers of Attorney are crucial if you were to become mentally and/or physically incapable. Life can be unexpected, and Lasting Powers of Attorney should not […]
Lasting Powers of Attorney: Do I need to make one?
Posted: 23rd November 2023
Lasting Powers of Attorney (LPA) allow you to appoint attorneys, people you trust implicitly, to deal with your financial affairs and health and welfare affairs during your lifetime. The Office of the Public Guardian expect to register 1 million LPA’s in 2023. Is it easier to prepare them myself? Making LPA’s can be a cumbersome […]
The effect of Divorce on Wills
Posted: 21st November 2023
If you are thinking of going through a divorce, have been divorced or are separated but legally married, it is important to consider what will happen to your Estate when you pass away and whether it is in line with your wishes. What happens to my Will whilst I am waiting for my divorce to […]
Understanding the new Statutory Legacy: Intestacy
Posted: 14th August 2023
In the realm of estate planning and inheritance, intestacy laws play a crucial role in determining how a deceased person’s assets are distributed when they pass away without a valid Will. These laws are in place to provide a framework for inheritance when the deceased did not express their wishes through a Will. In this […]
Protecting Your Legacy: The Importance of Taking Legal Advice when Transferring Property to Family to Minimise Inheritance Tax
Posted: 7th July 2023
Introduction: Inheritance tax is an unavoidable reality for many individuals when passing on their assets to loved ones. However, there are legal avenues that allow individuals to minimise this tax burden. One common misconception is transferring property to family members before death. While this may seem like a straightforward solution, it is crucial to recognise […]
Beware of low cost online Wills!
Posted: 27th March 2023
Being a Private Client Solicitor, we meet with clients on a day-to-day basis to discuss the preparation of their Wills and estate planning. Sometimes when discussing these matters with prospective clients it is raised as to why they should instruct a Solicitor, when they can complete their Wills themselves online or at a lesser expense […]
When should I review my Will?
Posted: 11th January 2023
It is recommended that your Will is reviewed every 3-5 years and not just when a significant life event happens, this will ensure that your Will still reflect your current wishes. Furthermore, you may have had changes in your personal life or finances and your Will may no longer reflect your circumstances and need to […]
Trust Registration Service
Posted: 12th September 2022
Background The Trust Registration Service (TRS) is a register of express trusts that have a liability to pay one of the following taxes: capital gains tax, inheritance tax, stamp duty land tax (SDLT) and stamp duty reserve tax. It was introduced in 2017 by the Money Laundering, Terrorist Financing and Transfer of Funds (Information on […]
A day in the life of …a Private Client Partner
Posted: 10th May 2022
Hi, my name is Kathryn Thornewill and I’m an Associate Partner in our Private Client Department predominantly based in our Milton Keynes office. I started at Franklins as a newly qualified Solicitor in 2013, having moved up to Milton Keynes from Cornwall. From the moment I started at Franklins I had the opportunity to expand […]
Why use a Solicitor to prepare your Will when you could do it yourself?
Posted: 29th October 2021
A question I often get asked by clients when discussing Wills and the costs involved is ‘why do I need a Solicitor to prepare my Will when I can do one online or write a Will myself?’ A recent article published by the Law Society Gazette answers this question really well by highlighting that sometimes […]
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