AMD’s Spring Probate Talks on the Snakes and Ladders of Life

 

Andrew Jack and Florence Pearce, two of our experienced private client Solicitors, recently gave a talk in Redland on the Snakes and Ladders of Life.

 

Our regular private client talks are held to inform members of the public about changes in the law and to provide a chance to ask questions. We had an excellent turnout and Andrew and Florence presented to nearly 20 people at the Tyndale Baptist Church.

 

 

A brief summary of the topics covered is included below:-

  • Who pays? – care fees and inheritance tax

We frequently receive queries relating to the payment of care fees and inheritance tax. The rules relating to this area can be complex and recent changes mean that the rules can be difficult to navigate. Florence sets the facts straight and explains, in clear terms, the recently introduced but easily misunderstood care fees cap.

  • Bank of Mum and Dad – the lenient lender

In today’s economy it can be difficult to get on the property ladder and many parents may consider lending their children some of the money required for the deposit and/or purchase price. While it may be tempting to provide lenient lending terms for your children, there are several important considerations to take into account from an estate and inheritance tax planning point of view. Florence outlines the main considerations to bear in mind when lending to family members.

  • Where there’s a Will there’s a way

A Will enables you to detail how your estate is dealt with in the event of your death. It can also govern other important aspects such as who will look after your children or how a vulnerable relative will be looked after financially if you are no longer here. If you die without leaving a Will, it means you die “intestate” and government rules determine where your estate will pass. Andrew explains the benefits and importance of having a Will and what provisions are usually included in a well-drafted Will.

  • Incapacity – who’s in charge?

The number of people making a Lasting Power of Attorney (‘LPA’) has doubled in recent years but the implications of having one are often misunderstood. Andrew explains the two types of LPA available and clarifies common misconceptions relating to LPA’s.

 

The talk was well received and there were many good questions from the audience making it clear that there is real concern about the issues considered at the talk. Andrew and Florence were able to answer the queries and put the participants’ minds to rest.

 

Unfortunately, due to the inclement weather at the beginning of March, we decided to postpone the second talk which was initially planned to go ahead on 1st March 2018 at the Trinity Henleaze URC Church in Henleaze. We are pleased to confirm that the event has now been rescheduled and will take place on 12th April 2018 at 3pm-4pm at Leonard Hall, Trinity-Henleaze URC.

 

Refreshments will be provided. There is no charge for the talk but a donation to our Charity of the Year, Guide Dogs for the Blind, would be appreciated.

 

To reserve your place at the talk, please email us at probate@amdsolicitors.com or call 0117 962 1205. You can also call into one of our four Bristol offices.

 

100 Henleaze Road, Henleaze BS9 4JZ                            15 The Mall, Clifton BS8 4DS

139 Whiteladies Road, Clifton BS8 2PL              2 Station Road, Shirehampton BS11 9TT

 


This article is provided for general information purposes only and represents our understanding of the relevant law and practice as at the date of uploading. This article should not be relied upon as legal advice pertaining to any specific factual situation. Legal decisions should be made only after proper consultation with a legal professional of your choosing.


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