Lily had been recently widowed and was getting into quite a muddle with her money when I first met her. Her husband Ray had always sorted out the bills and looked after the investments. He had written all the cheques and she couldn’t remember the last time she had sorted out any finances on her… Continue Reading
Category Archives: Case Studies
Later-Life Planning: Make Sure You Have Everything in Hand
Ella came to see me a few weeks ago to discuss her parent’s (Sarah & George) financial situation. George was a businessman who had recently retired. He was an independent and financially prudent man who took charge of his affairs and, as a result, Ella had assumed that he had everything in hand. Unfortunately George… 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
Buying or Selling Your Home and Breach of Contract
Conveyancing: Hooper v Oates When purchasing property, both buyer and seller can pull out of a purchase at any point up until they exchange contracts. Past this point however, pulling out would be in breach of contract, entitling the other party to damages. Where a buyer pulls out, the damages may be restricted to forfeiting… 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
Choose Your Executors Wisely: The Tale of Boris Berezovsky
If you think your affairs are likely to be complicated – through complex family relations, a large number of varied assets or some other potential difficulty – think carefully about the Executors you appoint. Earlier this year Russian oligarch and former Forbes Rich-Lister Boris Berezovsky was found dead in his ex-wife’s bathroom. Berezovsky had lost… Continue Reading
Living Together & Owning Property
Cohabitees Owning Property. These days it is common for unmarried couples to live-together (cohabit). Unfortunately, when a relationship breaks down, cohabitees are not afforded the same protection as married couples. Celia recently came to me for advice. She had moved in with her partner Richard 10 years ago and after a few months they purchased… 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
Wills: Providing For Your Pet
Rosalind Watchorn Solicitors Sheffield advise on how to look after your pet in your Will. You may have heard recently of pensioner Marlene Howes who was accused of fraudulently claiming pension tax credits and was alleged to have concealed a £50,000 legacy left to her by her mother. Mrs Howes contested that the money had… Continue Reading
Wills For Stepfamilies
Stepfamilies: The Need for Tailor-Made Wills. Sarah and George came to see me last month to make new wills. For both of them it was a second marriage and they each had children from their first marriages who spent part of their time with them and part of their time with their other parents. Making a… Continue Reading
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