Insolvent Estates
After a peak in insolvencies over the past few years, the number of people becoming insolvent is gradually decreasing and is currently at its lowest level since Q4 2005. However, recent Ministry of Justice statistics show that in the 12 months ending March 2015, 1 in 478 people became insolvent which is not an insignificant […]
Parallel advice from the FCA and SRA on the way vulnerable customers are treated
Today’s Wills & Probate reported last week that the Solicitors Regulation Authority (SRA) has identified the way vulnerable customers are treated by law firms to be a key risk within their Risk Outlook report 2015/2016. This mirrors advice by the Financial Conduct Authority (FCA) who published an Occasional Paper on Vulnerable Customers in Financial Services […]
Limit on cost of care delayed or abandoned?
Former Care Minister, Norman Lamb, believes that the Government’s recent announcement to push back the limit of £72,000 on the cost of care, from April 2016 to 2020, means that the reforms are being abandoned and not delayed. The £72,000 cap was due to be introduced as part of the second phase of the Care […]
To care, or not to care? (Will they, or won’t they?)
When distributing an estate, whether there is a will in place or not, considerations are usually made for family, close friends, and any other individual or organisation noted within a client’s will. However, the people that are often at the forefront of someone’s end of life circumstances are carers. Have you ever advised your will […]