More and more people are giving up either work or taking time to care for an elderly relative, something that isn’t always easy emotionally or financially. Many people face the dilemma of not wanting a stranger to look after their relative, yet for financial reasons are unable to care for that relative themselves. As such, […]
There are many myths about joint accounts, especially concerning what happens if something happens to one of the joint account holders.
What happens when you can’t manage your financial affairs due to ill health and nothing has been put in place?
If you are considering giving a gift to a loved one, you should be aware of the myths that exist which could lead to your gift not being deemed ‘valid’, the consequences of which can be expensive.
More and more people are giving up either work or taking time to care for an elderly relative, something that isn’t always easy emotionally or financially. Many people face the dilemma of not wanting a stranger to look after their relative, yet for financial reasons are unable to care for that relative themselves. As such, […]
Contrary to popular belief, nobody has an automatic right to manage someone else’s finances, even if they are related, married or in a civil partnership with them.
Record numbers of people are formally assigning emergency decision-making to those they trust with a Lasting Power of Attorney. 726,000 people handed over control of their affairs to those they trust in 2016 alone and the figure has grown by 180 percent in the last 5 years alone.
The recent case of The Hospital Trust and Miss V & Others [2017] EWCOP 20 before the Court of Protection highlighted the application of the best interest’s principle in extremely sensitive surroundings.