OPG criticised on LinkedIn: delays increasing and service “deteriorating”
It is widely reported that the Office of Public Guardian (OPG) has been suffering from Lasting Power of Attorney (LPA) registration delays for some time now. But while the OPG has acknowledged the delays and provided updates on how it is working to resolve issues, as well as provided information on how delays can be […]
Law Society publishes probate service update
The Law Society of England and Wales has published its March 2022 probate service update following a “productive” meeting of the probate service user group, which includes HM Courts and Tribunals Service (HMCTS), the Society of Trust and Estate Practitioners (STEP), Solicitors for the Elderly (SFE), the Institute of Chartered Accountants in England and Wales, […]
Leaseholders on fixed retirement incomes could be denied equity release
New analysis reveals 450,000 homeowners in England and Wales are at risk of becoming mortgage prisoners because their leases have run down to less than 75 years, the crucial threshold for mortgage finance, including lifetime mortgages. The data compiled by Lifetime Mortgage Gateway Logistics (LMGL) shows there are currently an estimated 400,000 leaseholders in England […]
STEP welcomes change to guidance on financial LPAs
STEP welcomes change to guidance on financial Lasting Power of Attorneys that makes it easier for families to get value for money for their loved ones STEP is delighted that the Office of the Public Guardian (OPG) has agreed to change its guidance on the requirement to have express provision for a discretionary investment management […]
Happy Easter from Today’s Wills and Probate!
Today’s Wills and Probate and the wider Today’s Media team would like to wish you all a wonderful and restful Easter break! We’ll be back on Tuesday with daily updates.
Rich twice as likely to benefit from an inheritance
A new study by the Resolution Foundation reveals that the richest members of society are twice as likely to benefit from an inheritance than the poorest. The independent think-tank, which focuses on improving the living standards of those on low to middle incomes, drew on data from a YouGov survey of more 8,500 adults to […]