When planning your wedding it’s easy to avoid discussing the less romantic side of things like the ‘small print’ of what is essentially a legally binding agreement between two people. However there are plenty of important things to think about before tying the knot with your significant other. One thing you should consider when getting… Continue Reading
Author Archives: Rosalind Watchorn
Why It Is Important To Have a Will
6 Reasons Why Making Your Will Is Important Lots of people don’t have a Will – despite people having complicated financial affairs and complex family relationships. Just to remind you why you should make a Will we have put together a few reasons. 1. You control who gets your assets and how much they get. Without… Continue Reading
Property Trusts: What You Should Know
Property Trust Wills When we saw Peter and Glynis a few weeks ago their first question was what would happen to their house if one of them needed to go into care. They were a typical couple. In their late sixties with two grown up children. They own their own house and have a few… Continue Reading
Dealing With Difficult In-Laws
Ann came to see me last week to talk about her Will. She had two children Sophie and Jude and she was concerned as she did not get on with Sophie’s husband Terry. She found her son in law to be rude and controlling and he had always been bad with his money, recently using… Continue Reading
Wills and Dementia
Will Made by Dementia Sufferer Ruled Valid In the recent case of Constance Simon (2013) the high court ruled that elderly people may leave property as they wish even where they have reduced mental capacity. Judge Strauss ruled that the law “upholds the right of elderly people to leave their property as they choose, even… Continue Reading
Re: Buckley – Reptile Breeding & Attorney Investments
The recent case of Re: Buckley contains importance guidance for attorneys or deputies regarding investment of a donor or patient’s funds. This case involved a Lasting Power of Attorney (LPA) granted by Mrs Buckley – a wealthy lady – which appointed her niece as her attorney. It was later discovered that the attorney had used £72,000 of Mrs… Continue Reading
Mirror Wills: What Are They?
So What is a Mirror Will? When thinking about writing your will it is important to know all the options open to you. One possibility is the use of “Mirror Wills”. As the term implies, Mirror Wills reflect each other: the terms of the wills are similar, with the testators leaving their estate to each… Continue Reading
Digital Assets and Death
When making a Will the most obvious things to consider are your physical assets – your house, money, car etc. However in recent years the problem of what to do with your “digital assets” once you’ve died can easily be overlooked. Having a paper free existence online may seem convenient, but Executors are faced with… Continue Reading
The Bank of Mum & Dad
Your offspring may need financial help to buy their first home – but take care how you offer them money, or much of it could be lost. Paul and Mary came to me as they wanted to help their 25 year old son Jim buy a flat. Like many young people Jim has been finding… Continue Reading
DIY Probate: A Case Study
Rosalind Watchorn Solicitors Sheffield advise on the potential pitfalls of do-it-yourself probate. Harold’s Aunty Ethel died in spring last year at the age of 94. For a few years up to her death she had been mildly confused and forgetful. She lived in sheltered accommodation and had about £6,000 in the bank and another £18,000… Continue Reading
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