Why a Lasting Power of Attorney could help you and your family

By providing useful guidance and up to date information we hope that our clients and potential clients will be able to make better, more informed decisions regarding their affairs. The Law Society and the British Banking Association in cooperation with a number of other key institutions have previously issued guidance to be considered where a customer may lack mental capacity. The guidance states that in the event that a bank or building society or any other financial institution have doubts about the mental capacity of a customer, they should take steps to safeguard that customer’s accounts. From experience, we are aware that this includes freezing that customer’s accounts apart from…

Planning ahead – what are your options?

As we become increasingly accustomed to our restricted lifestyles, an increasing number of clients are asking us how we can help to ensure that their wishes are met if there comes a time when they are unable to make important decisions for themselves. This includes decisions about both financial matters (including property) and decisions relating to health issues and general welfare. This is a brief summary of some of the steps that will be considered whilst you still have capacity to make decisions for yourself: 1. Lasting Power of Attorney (LPA) This is an official document which allows you to nominate one or more people who will be able to…

Lasting Powers of Attorney

Since the corona emergency began, it has prompted many people to think about their personal affairs and we have seen an increase in the number of people wanting to make Wills and Lasting Powers of Attorney. In this blog we explain the two types of LPA – ‘Property and Financial Affairs’ and ‘Health and Welfare’. What is a Lasting Power of Attorney? A Lasting Power of Attorney (LPA) is a document in which you (‘the Donor’) appoint one or more people of your choice to act on your behalf as your ‘Attorneys’. You will continue to make your own decisions while you are able but if you lose capacity then…

Making a Will During a Pandemic

According to The Law Society, the Coronavirus pandemic has led to a significant increase in demand for advice on Wills, Lasting Powers of Attorney and Inheritance Tax planning as people turn to think about their financial arrangements. In response to the government’s guidance on social distancing, our offices are currently closed to both staff and clients. However, we are still very much “open for business” and able to deal with enquiries from both existing and new clients by telephone or video conferencing (eg, Facetime, Microsoft Teams). With no direct client contact, we are adapting the way in which we respond to requests for new Wills and Lasting Powers of Attorney.…

Everybody should have a Will

Natalie Wright, solicitor with Sills & Betteridge, explains the importance of having a Will and why it should be prepared by a qualified professional. Having a Will prepared is often something we know we should do but which we put off either because we are too busy or because we do not want to think about our own mortality. However, if you die without a Will it can often have complex and fraught consequences for the loved ones you have left behind. The main reasons why you should have a Will are: To specify who you wish to inherit your money and other assets when you die; To appoint the…

Sills & Betteridge Solicitors recognised for helping to secure vital funds for Cancer Research UK

Sills & Betteridge Solicitors have been thanked by Cancer Research UK after facilitating over £878,000 worth of gifts from people choosing to leave a legacy to the charity in their will. Sills & Betteridge Solicitors were presented with a Silver Certificate to acknowledge the firm’s ongoing support. The firm have been offering the Free Will Service to people aged 55 and over (and those with cancer of any age) in Skegness for the past 3 years, giving guidance and support to those wishing to write a will or update an exisiting one. As part of the service, Sills & Betteridge Solicitors also give guidance to those wishing to leave a…

What happens to your estate if you don’t leave a Will?

Most people will know what a Will is. It is a legal document which details how a person would like their “Estate” (which is made up of assets such as property, money and possessions) to be distributed after they pass away. The person who is making the Will is known as the “testator”. The two main reasons for leaving a Will are to protect your children and to provide for the people for whom you want to provide, which is why it is so important to make a Will. Whilst most people know what a Will is, a surprisingly large number of people pass away without leaving a Will. They…

What rights do cohabiting couples have when their partner dies?

Recent research carried out by the insurance company Direct Line showed that 38% – more than one third – of cohabiting couples living in the UK were unsure of what their rights would be should their partner pass away without leaving a will, and that one in ten cohabiting couples wrongly believed that they would be automatically entitled to inherit their partner’s share of any property that they lived in together. However, this is not the case. A surviving partner will only inherit if this is stated in the deceased partner’s will. This can come as an extremely nasty surprise to some people who are already mourning following the loss…