This is based on a real life case study and highlights the importance of having a Lasting Power of Attorney in place. Mrs T, a widow in her eighties, was in the process of selling her large family home so that she could buy a smaller, more manageable property. Solicitors were acting on the sale and a buyer was soon found. Within a very short period of time, Mrs T lost her mental capacity, so could not sign the paperwork to sell the house. The buyer gave up and bought another property. Then …
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Estate Management News
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 …
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 …