Private Client Issues - January 2018
Welcome to this month's edition of Private Client Issues, Blake Morgan's monthly round-up of the topics you may find of interest.
Could equity release help with a Christmas debt hangover?
With people living longer and needing more money to support themselves it is easy to see why older homeowners may turn to equity release as a means of paying off debt. Blake Morgan explains why releasing money from your home may not be quite the simple solution it seems.
Looking for a place in the sun? How to ensure your Spanish property passes to your chosen beneficiary on death
For many, a holiday home in Spain seems like a very appealing prospect, particularly at this time of year but have you thought about what will happen to that property on your death? With the potential for UK and Spanish law to conflict, you may be left in a position where your property passes to an unintended beneficiary. Blake Morgan looks at what you need to consider in order to make sure the right people benefit on your death.
Should I make a Living Will?
With life expectancy ever-increasing and with 9.9 million new cases of dementia reported each year worldwide, people are becoming increasingly concerned about their long term health with many considering what treatment they would want to receive, or in particular, refuse. It is therefore unsurprising that many consider making a Living Will, also commonly known as an Advance Decision or an Advance Directive. Blake Morgan looks at the key points to consider when planning ahead for your health and welfare and making an Advance Decision.
Can my ex-partner ask me questions at Court?
It is a daunting prospect to think your ex-partner can ask you questions at Court, especially in cases involving allegations of domestic violence. Blake Morgan looks at the safeguards and arrangements that can be made to ensure that parties to Court proceedings feel adequately protected when giving their evidence.
Safeguarding against abuse of Lasting Powers of Attorney
The recent ITV Tonight programme "Elderly Theft: Robbing the Relatives" revealed a number of shocking stories of financial abuse by way of a Lasting Power of Attorney. In the vast majority of cases attorneys act in the donor's best interests but this highlights the importance of seeking advice from a legal professional to prepare and register your LPA to ensure that it is drafted correctly and appropriate safeguards are in place. Blake Morgan looks at what you need to know when putting in place an LPA.