Testators have a lot invested in their Will – not just the costs of having it professionally written, but also the desired result when the need for dealing with the estate administration arises.
A mistake by a couple in signing each other's Wills some 14 years ago has led to complications and legal disputes over who should rightfully inherit their £70,000 legacy.
Tim Farmer is founder of TSF Consultants, the UK’s largest provider of mental capacity assessments to the legal profession. A registered Mental Health Nurse by trade, he has over 13 years’ experience of assessing mental state and working with those who have reduced capacity.
The number of estates that will be liable to pay Inheritance Tax (IHT) will surge in the coming years, going up from 21,000 in 2012/13 to 42,000 in 2016/17, according to recent reports.
Earlier this year, the British Bankers' Association (BBA) released guidance that revealed it is common practice for banks to freeze withdrawals from a joint account if one of the account holders is mentally incapable, until the appointment of an attorney or deputy.
Day of the Dead or Día de Muertos is a Mexican holiday that takes place over two days on 1st and 2nd November. So, whilst many Halloween celebrations are finishing on 31st October, the Day of the Dead is just beginning.
Cremation is becoming an increasingly common alternative to burial and statistics reveal that 70% of Britons will be cremated rather than buried once they are no longer with us. This has fuelled a rise in the popularity of ash-scattering ceremonies across the country, although few people clearly specify what they want to happen with their remains… and sometimes the ashes are never collected.