Mountain or molehill? How do you deal with probate valuations of shareholdings?
It’s not uncommon to uncover stacks of paperwork in the property of a deceased family member. If you are presented with boxes or bags of paper to sort through it can add hours of additional work to your processes, that could be better spent dealing with the needs of your client. The elderly are particularly […]
People with dementia are “sitting ducks” for financial abuse, argues report
People with dementia are being “let down” by both retailers and the financial services industry within the high street, with new research suggesting a review of the Lasting Power of Attorney (LPA) process is one of several changes that could aid the longevity and independence of people with dementia. During a year-long research and innovation […]
Inheritance tax receipts reach new heights in September
New figures released by HM Revenue & Customs (HMRC) climbed by £0.6 billion in September, reaching a total of £3.5 billion since April. This sets total receipts at a level £0.4 billion higher than this time last year. With property prices having soared incessantly for months on end, it is no surprise that the value […]
Equity release popularity soars 8% amongst over-55s in Q3
New figures released by the Equity Release Council (ERC) have revealed that the number of equity release plans taken out by homeowners aged 55+ soared by a striking 8% in Q3 2022. 13,452 new plans were taken out between July and September 2022 by over-55s, with a total of 25,519 plans active during Q3. This […]
FCA releases its retirement income market data
Data shows all pension products saw an increase in 2021/22 The Financial Conduct Authority (FCA) published its retirement income market data which showed the total number of pension plans accessed for the first time in 2021/22 increased by 18%. It was revealed that all products saw an increase in 2021/22, with uncrystallised funds pension lump […]
Ombudsman reports increasing social care complaints due to funding constraints
The Local Government and Social Care Ombudsman (LGSCO) has reported that the cost of providing social care has increasingly been a cause for cases raised with them over the past year. The Ombudsman received 2,596 complaints and enquiries about adult social care. In the Ombudsman’s Annual Review of Adult Social Care, councils failing to provide […]
What is an “advanced decision” and are there potential benefits of having one in place?
Alzheimer’s Research UK has released some important statistics on their website in respect of the rising rates of dementia in the United Kingdom (“UK”). According to their published data, more than half of UK adults know someone who has been diagnosed with dementia and it is estimated that one in three people born in the […]
‘Twas the night before the Awards… | #BWAPAwards2022
Looking back on a #BWAPSOLUTELYFABULOUS night at the British Wills and Probate Awards 2022… ‘Twas the night before the Awards when all through the house, Not a creature was stirring, not even a mouse; Wills along with Probate, the industry awaits, That night of the year to celebrate with their mates; Amidst all the bustle […]
