Private Client Issues - August 2017
Welcome to this month's edition of Private Client Issues, Blake Morgan's monthly round-up of the topics you may find of interest.
Lasting Powers of Attorney: Practical pitfalls
If you lose capacity to understand and make your own decisions, having a Lasting Power of Attorney (LPA) in place can help your friends and family make those choices for you. But attorneys often face a number of challenges. Blake Morgan looks at the how to avoid practical pitfalls when putting in place an LPA and the obstacles attorney's may need to overcome.
Making of Wills to be brought in to 21st Century
Would you like to be able to record your Will on your smartphone? Due to the fact that 40% of people in England and Wales die without leaving a valid Will, the Law Commission is proposing a radical overhaul of the rules to make writing a Will more accessible and in tune with modern technology and 21st century life. Blake Morgan considers the pros and cons of the innovative reforms and how it might encourage more people to record their wishes.
A reminder for unmarried cohabiting couples who own properties and assets together
The recent case of Marr v Collie  highlights how documenting ownership of investment properties is just as important as family homes if there is a breakdown in a relationship. Until now, the thinking had been that family homes would be treated differently to investment properties, but the case brings this in to question.
Is the end in sight for new-build, leasehold houses?
Tens of thousands of home owners are trapped in leasehold properties with spiralling ground rents. The Government has now set out plans to outlaw leaseholds on new-build houses along with potentially reducing ground rents down to a peppercorn. But what will this mean for home-buyers? Blake Morgan considers the consequences.
If you are impacted by any of the above topics or you would like further information on how we can help you, please contact your usual Blake Morgan adviser.