We never thought this would happen to our family... Writing a Will may not be at the top of your to do list, but despite the procrastinations, superstitions and anxieties of creating a Will, it is extremely important to do so. Fact of the matter is, if you have any kind of asset, be it life cover, pension, property or savings, writing a Will isn’t something that you should delay - no matter what age!
Everyone wants to ensure that their loved ones are provided for. If you own a business, or have a share in one, then you NEED to make important decisions about what will happen to your business once you pass away or retire. Without a robust business succession plan, your company shares could be subject to the Laws of Intestacy. Would you or your business partner be content to run your business with a surviving spouse or even their children?
Are you prepared for any life changing scenarios? There are currently around 850,000 people living with Dementia in the UK however it is not a natural part of ageing and it doesn’t just affect older people. Over 40,000 people under 65 in the UK have dementia according to the Alzheimer's Society. Mental and physical incapacity can happen at any time, and you might think that a spouse or family member would gain control of your finances and wellbeing, but this isn’t the case…
In the UK, there is a feeling that probate process is currently in disarray. The general perception is that waiting times are increasing. Appoint a trusted solicitor to guide you through the process and to avoid delay.
Long-term care is one possible life eventuality that can see you losing your home and wipe out your entire life savings!
Effect of Divorce on your Will - The harsh reality of modern life means that marriage isn’t always forever. Sadly in the UK 42% of marriages end in divorce.
Everyone knows that they should have a Will, but you may be surprised to learn that over 70% of the adult population in the UK has not got around to making one. Even more surprising is that of the 30% that do have a Will in place this is often out of date, or will not achieve what they actually intended it to do!!
Our office will be closed Thursday and Friday the 30th & 31st May 2019 to allow us to move to our new office at Bank Buildings, 39 Hill Street, Newry, Co. Down BT34 1AF.
If you make a will, your executors have the job of sorting out your estate. If there’s no will, usually your next of kin does this. They can instruct your solicitor to deal with matters on their behalf and to advise them correctly.
HAVE YOU MADE YOUR WILL? or are you going to leave your family to fight over the appointment of a Guardian in Court? Who is going to make sure your children’s wellbeing, education and maintenance is paramount? You need to appoint a Guardian.
The Metro Building was sold for in excess of its £21m asking price in the biggest deal of the year so far. We at Luke Curran & Co. Commercial Property Solicitors were delighted to assist our private property trust client along with BDO Northern Ireland in this acquisition.
If you live in Northern Ireland and have over £23,250 in capital (savings, investments and property including the value of your home) as at 2018, your local Health and Social Care Trust will assess you as being able to pay the full cost of your residential care or nursing home fees. It is against the law to transfer ownership of an asset to another person specifically to avoid paying your care home fees HOWEVER there are many reasons however why someone may wish to dispose of the family home that do not include trying to avoid long term care costs.