What is a Will Trust? When you get down to writing a Will, you might need to think about creating a Trust. Trusts can be put in place when you are alive or set up in a Will, which becomes active when you die. The most common asset put into a Trust is property – […]
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Do I need life insurance? Life insurance schemes promise a payout of a fixed lump sum when you die. Here we look at who might benefit from life insurance, as well as any points to take into consideration. What is life insurance? Life insurance pays a lump sum or monthly income when someone dies. Some […]
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Coping financially after someone dies Coping with financial worries on top of grieving a loved one’s death is difficult. Understanding how to handle money matters after a partner has died, getting together the cash for a funeral, and learning to depend on yourself financially again are all large scale changes. Studies have shown that the […]
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What is Lasting Power of Attorney? By appointing lasting power of attorney (LPA), you are legally allowing someone to make decisions on your behalf in the future. If you have the mental capacity to make financial and medical decisions yourself, and communicate what you’d like or what you don’t want, then you can appoint an […]
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What is Probate? If you find yourself named as an executor on a will, then you’re going to need to apply for probate. Probate gives you the legal authority to manage a loved one’s estate after they die – it’s the name given to the legal and financial processes involved in dealing with the property, […]
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Managing loss of mental capacity Whether you want to help someone who’s near to the end of their life with everyday living, or you want to find out about the ways you can plan for your own end-of-life care, here’s a few solutions to keep in mind. What is mental capacity? First of all, mental […]
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