A recent change in the law, spotted by one of our Wills and Probate Solicitors in Today’s Wills and Probate, has outlined new compliance standards for those in the Funeral Plans sector. The move, which will see new regimes set in place by the Financial Conduct Authority, will change the way funeral planners market themselves, set out plans with customers and outlaw the use of commission.
Wills & Probate Articles
As this area of law often sees people using legal services during an emotional time in their lives (being terminally ill or having lost a loved one for example) the importance of getting things right, and of being sensitive to the circumstances could not be higher for service providers.
A couple of weeks ago, our attention was drawn to a survey conducted by Exizent. The survey found that 23% of people die without a Will and most do not leave their affairs in order; 71% of solicitors said that at least half of their clients died without putting their affairs in order; and 95% of probate professionals rely either entirely or somewhat on information from their clients to verify assets and liabilities.
More than one billion people are active on Facebook with younger people being more likely to have several different social media accounts. Social media is a part of our lives and many of us spend hours uploading photos and chatting with friends and family. Without instructions your family will not know how you would like these accounts to be dealt with should the worst happen, and they could have problems accessing your accounts and personal photos. This could mean that precious family photos and memories end up being lost.
By not having a Will there is a distinct possibility that your Estate could end up passing to the wrong people and not to the people you would have wanted to benefit.
If you were to pass away suddenly, what would happen to your young children? Whilst this is something that no parent wishes to consider the correct preparation can spare your family a lot of time, heartache and expense.
We’re revisiting an article from a while back that has become relevant again as more people look to get their affairs in order during COVID.
In the first article in our Will Wednesday series, we look at the self care that comes from having one’s personal finances in order, especially in the case of wills and probate.
In order for your Will to be legally valid there are specific conditions which must be met when your Will is signed.
People wrongly assume that the people closest to them will be automatic guardians and would just take over their children’s care if the worst happened.