CONTENTIOUS ESTATES: Executor jailed for forging letter of wishes A man has received a five-year jail sentence for forging a letter of wishes that purported to have been written by a friend who appointed him her executor. After the woman's death, he handed the letter to solicitors dealing with her estate, hoping to convince them that it made him sole executor and main beneficiary of her will, which would otherwise have left over GBP2 million to an air ambulance charity. The court decided the …
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Property Protection in Wills
Property Protection Trust Wills By considering the family home as part of a planning exercise for the future, couples who are either married or living together as partners, can sever the joint tenancy of their family home and set up Property Protection Trusts in their Wills. What is a Property Protection Trust? A Property Protection Trust gives a person’s share in the property by Will to his or her own children, other family members or chosen beneficiaries. This is to prevent the share …
£12 Million Compensation
The FCA expects lenders to learn the lessons from good and poor practice during the coronavirus (Covid-19) pandemic to help borrowers during the cost-of-living squeeze. The FCA acted quickly during the pandemic to put in place guidance that led to more than five million payment deferrals for mortgage and credit customers. This was followed by guidance on tailored support. In a report published today, the FCA found examples of firms delivering good outcomes for customers – but others must …