Many people don’t realise that any change in marital status will change the effectiveness of a Will. If you don’t keep your Will updated as life changes, you could be in danger of leaving loved ones without the inheritance you intended and a family dispute over your estate.
Wills and estate planning
Can an attorney spend the donor’s funds on others, including themselves, if the donor approves it in the Power of Attorney?
It’s difficult for attorneys to know if they can spend funds on others. Is it made easier if the donor says they can in the Power of Attorney?
The Public Guardian has recently brought test cases which have resulted in a much-needed set of rules, and a user-friendly flow chart, that attorneys in England and Wales can follow when deciding whether they can spend the donor's funds for the benefit of others.
Rod Smith’s article on Intellectual Property and tax planning, entitled Let’s get creative with the tax planning; IP to I-Plan! has been published in the latest ACID (Anty Copying in Design) Magazine. To read it, please see page 12- 13 in the online version of the latest magazine, issue 66.
As a probate lawyer I encounter my fair share of issues and delays when dealing with financial institutions and HMRC. However, I could always be certain that applying for a grant of probate would be a fairly painless and relatively swift process. Unfortunately, as many of you will have recently experienced, this is no longer the case.