Category: Estate Management
by Viv King Financial Advocate A few weeks ago, I received an urgent call from a good friend and client while I was doing my shopping in Waitrose, just down the vegetable aisle! The call was regarding a close friend of my client, let’s call him Stephen, who had been suddenly diagnosed with inoperable cancer at the age of 40, and was receiving end-of-life care in a hospice. Stephen’s situation was dire. His wife had passed away two years earlier from cancer, leaving him with two young children, aged six and…
Many people wonder what happens to their pension savings when they pass away. funeraldirections.com is here to shed light on this topic with the help and all credit to retirement expert Sean Young from Standard Life. So, what does happen to my pension when I die? Contrary to a common misconception, your pension provider doesn’t keep your savings. Most plans allow them (or the trustees) to decide who receives the funds. However, you have the power to influence this by nominating beneficiaries. Who Receives Your Pension Savings? Beneficiary Options: Tax Implications:…
A crucial piece of advice is missing from professional guidance surrounding the Finance and Property Power of Attorney (POA) use. While POAs are meant to offer peace of mind and assistance, a significant roadblock can arise during emergencies. Financial institutions, particularly banks can take up to 10 days to recognise appointed Attorneys, even with a registered POA. This means well-meaning Attorneys attempting to manage crucial matters like care fees and large expenses during emergencies, sudden illness or unexpected hospitalization, can trigger security concerns and fraud alerts due to their unrecognized access…
When your partner leaves behind an unused car, it can feel like a heavy burden during a period of grief. But what you might not know is that you could be eligible for a car tax rebate, and many are unaware of just how much their vehicle is worth. Recent research has shed light on the fact that many people who have lost a husband, wife or partner have a dormant car taking up space in their driveways. If you find yourself in this situation, it’s essential to know that you’re…
In the digital era, our methods of commemorating loved ones have taken a modern twist. QR codes – Quick Response codes, are the square-shaped patterns that can be scanned using a smartphone or tablet’s camera– they’re transforming how we remember those who’ve touched our lives. With a simple scan from your smartphone, these codes bring us closer to cherished memories, bridging the gap between physical memorials and digital stories. Traditionally, memorial plaques, benches, and headstones have provided little more than a name, lifespan and possibly a short epitaph. But in a…
Life is full of big expenses; weddings, education fees and getting on the property ladder. So it’s natural that you might want to give your children and grandchildren a helping hand if you can. In reality, you can gift as much as you like to your children or grandchildren, but they might have to pay an unexpected tax charge if you don’t think about this when making your plans. Inheritance tax (IHT) is the main tax to consider if you’re giving away cash, it’s a tax paid on your estate and…
Well, it’s like comparing a single cupcake to an entire bakery.” Websites and platforms play different roles in the online world. A website is like a digital destination where you can find information about a specific organisation, product, or service. In contrast, a platform goes beyond information and offers an interactive space where you can engage with relevant businesses when dealing with planning, at-need services, and administration. The funeraldirections.com platform is designed to connect you with funeral directors, legal services, estate planners, and more, providing a convenient and supportive environment for…
Graham Southorn https://funeraldirections.com/listing/bristol-wills-estate-planning/ 18 MAY 2023 If you’re like most people, you probably have a lot of sensitive information stored in your Google account. From emails and contacts to Google Drive documents and photos, there’s a lot at stake if you were to unexpectedly pass away. You might expect that the executors of your Will would be able to access these things, but that may not be the case. And what if you become incapacitated? A Will could not help in that situation because it only comes into force after your…
Fellow Trekkies, just like exploring new galaxies, the question of whether everyone needs to apply for probate in the United Federation of Planets (UK) has its own interstellar quirks. Join me on this cosmic journey as we navigate the intricacies of probate in the Star Trek universe. Beaming into the Probate Dimension:Hold onto your tricorders! Probate, in the context of the United Federation of Planets, is a legal process that verifies the validity of a will and ensures the smooth execution of the deceased’s wishes. It’s like deciphering a complex code,…