Understanding the Upcoming Lasting Power of Attorney Fee Increases
Walker Foster discusses the upcoming changes to lasting power of attorney (LPA) registration fees. Find out more and set up an LPA today.
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Walker Foster discusses the upcoming changes to lasting power of attorney (LPA) registration fees. Find out more and set up an LPA today.
Who can override a power of attorney? UK estate planning law experts Walker Foster Solicitors explain how POAs can protect your assets.
Powers of Attorney (PoA) and Lasting Powers of Attorney (LPA) provide peace of mind that, should you become unable to make decisions yourself, a trusted person you have chosen will act on your behalf. They will be able to manage your affairs in line with your wishes, ensuring important matters are handled with care and responsibility.
When someone dies, everything they own - known as their estate - must be carefully managed and distributed in accordance with their wishes as set out in their will. This process involves not only passing assets to the chosen beneficiaries but also handling debts, taxes and legal formalities along the way. For many, this can be a daunting and emotional task, especially during a time of grief.
When a person dies, their estate will be administered by a person or persons named as ‘executors’ in their will, or, in cases where they did not leave one, by anyone who has the highest standing to do so (which largely matches the rules of who benefits under a so-called intestacy). These individuals are also called personal representatives (PRs).
When a dispute arises between two parties, it’s not as simple as going straight to court. Before formal legal proceedings can begin, there are pre-action conduct requirements that must be followed.
Many business owners encounter commercial disputes at some stage, as disagreements are a natural part of running a business. In most cases, issues can be addressed and resolved internally through open communication and practical problem-solving.
When informal promises are made within families, they can shape lives and long-term decisions. But when those promises are broken or ignored, and formal legal arrangements are lacking, the result can be emotional, complex and financially devastating.
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