Glossary of Terms: Private Client

The passing of a cultural icon such as Prince leaves the world wondering about his legacy. Many expected that Prince would be remembered for his songwriting and unique style. Few would have guessed that Prince’s legacy would be caught up in a protracted legal battle over his estate which, nearly eight years after he passed away, is still making headlines.

For unmarried or remarried couples in the United Kingdom, the significance of drafting a will cannot be overstated. While marriage is commonly associated with the creation of wills, unmarried and remarried couples must recognise the importance of this legal document in securing their assets, ensuring their wishes are met, and providing for their loved ones in the event of their passing.

As we usher in the New Year many of us focus on what we plan to achieve in the next few months, that might be confronting our fears with an extreme sport or, maybe, preparing a Lasting Power of Attorney (LPA). Just as extreme sports enthusiasts prepare for the unknown, why not embark on the adventure of securing your future through a LPA?

As the years passed, Buddy and Chip’s workshop continued to flourish. Buddy and Holly watched their little elves excitedly dance around the workshop, basking in the vision that one day his children would take over his legacy.

After securing their dream home and setting up a cohabitation agreement, Buddy and Holly, the ever-forward-thinking elves, turned their attention to the future. They wanted to ensure that their hard-earned assets, now including their cherished home, were passed down efficiently when the time came.

It was extremely sad to hear that iconic music legend Shane MacGowan passed away recently. What possibly made it worse was that he died during the run up to Christmas, when Fairytale of New York gets its annual airing on radio stations and Christmas music selections. This brings into focus the intricacies of estate planning, especially in understanding how royalties pass under a Will.

The transgender community face many unique legal challenges. One challenge that you may face as a transgender person is ensuring that your financial and personal affairs are properly managed, taking into consideration your gender identity, in the event that you become unable to make decisions for yourself. A Lasting Power of Attorney can be essential to ensure that your interests are protected, and your wishes heard.

With marriage rates dropping to the lowest levels on record, society is seeing more couples than ever residing together, sharing assets, building a life together, but not taking the traditional step of marrying or entering a civil partnership.

If you are a business owner or director considering what might happen to your business if you were unexpectedly away or unable to make decisions, it may seem like an unlikely eventuality. In today’s climate, there could be a number of situations which mean you are not able to run your business as you would normally.

Writing a Will or Power of Attorney can sometimes be a daunting time and many families come along to an appointment to support a loved one, only to find themselves being left in a waiting room. There are lots of reasons why you might be asked to leave a meeting or stay in a waiting room whilst a relative is seen alone by their lawyer. Here are some of the common reasons your relative might need to be seen alone.

The ongoing saga of Aretha Franklin’s estate raises two keys points that any person who is creating a Will should keep in the forefront of their mind; How do I make sure my Will is valid? and How do I make sure my Will is found?