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Archive for the ‘Wills Wealth’ Category

Getting personal

Article published in Elderly Client adviser March/April 2010

As a solicitor specialising in Wills and Probate work I inevitably spend a large proportion of my time dealing with the elderly. As a firm our philosophy is to offer all our clients a rounded service in addition to focusing on the individual transaction or issues that the client may have consulted us about. It has become increasingly apparent that this is of prime importance when dealing with the elderly client market and our firm’s Wills Probate and Trusts department has spearheaded the development in our firm of applying this “holistic” approach.

Delaying protection

The first report into the work of Court of Protection, established when the Mental Capacity Act came into force on 1 October 2007, reveals a consistent failure to meet five out of six targets for the time taken to respond to applicants and arrange hearings.

Nursing Home Fees – Anti Avoidance and making the family pay

There are many ways for Local Authorities to recoup the cost of long term care from residents or their families. The political debate rages on about how fair it is to charge prudent savers for their care, or force people to sell cherished homes to pay these charges. In a recent case handled by Wards, a family was able to keep the money which had been distributed to them by an elderly lady on sale of her house – precisely because the court held that there was no intention on her part to avoid care fees.

The facts about the future of Capital Gains Tax…

The Coalition Agreement indicates that Capital Gains Tax will be increased to approximately the same rate as income tax. They have further suggested that there will be “generous reliefs” for entrepreneurial and business assets. So, what does that mean for you?

Supreme Court refuses to allow man to sue brother’s solicitors over Will

In May 2010, the Supreme Court refused to allow a man to sue his brother’s solicitors in a dispute over their grandmother’s Will. To allow this, they would have had to agree to lift the limitation period, within which claims must be brought.

Coping with the future now… Do you need a Lasting Power of Attorney?

A Lasting Power of Attorney (LPA) is a document whereby you appoint a person or people to act upon your behalf in the event that you are unable to manage your financial property and affairs or make healthcare decisions. This article concentrates on LPAs applicable to your financial property and affairs.

With Wards Solicitors’ help Will Aid has raised over £1.2 million

This November, once again Bristol-based solicitors Wards were amongst a number of UK firms volunteering their time and skill to write free Wills. In return for waiving their fees, Wards were able to raise money for the 9 Will Aid charities. Their generosity, hard work and dedication has certainly paid off.

Shirley Marsland, Will Aid Campaign Manager said: “I am very excited to report that, for the first time ever, we have received over £1.2m in donations and Gift Aid. This is a marvellous achievement, which I know represents a huge amount of effort from all the solicitors who have taken part. But that’s not all. Will Aid Will makers have also pledged over £5m in legacies which will be a valuable support for the work of the charities in years to come. Thank you so much for all the help you have given Will Aid. The money you have raised will make a real difference to the lives of vulnerable people around the world”.

The Wills & Probate team at Wards, who carried out the work, are absolutely delighted at this achievement. Partner Jenny Pierce, said: “We have taken part in Will Aid for the last 4 campaigns and have raised over £20,000 in total. This year, to date, we raised £15,365, making this our most successful year yet by far.

Wards are delighted to have raised so much money for the Will Aid charities, helping to fund their vital work transforming lives here in the UK and around the World. We are also pleased that the campaign has encouraged so many local people to write their Will and therefore save families and loved ones from the strain of intestacy.”

Investment losses… just one of those things?

The oft-heard joke about investments that can go down as well as plummet is proving all too true for many investors at the moment. But providing competent investment advice is a complext task. How can you be sure you’re getting the right advice?

Avid Holdings Plc (in Liquidation)

Wards Solicitors is currently investigating the circumstances in which shares in the above Plc were acquired by investors.

We would like to ascertain how shares in this AIM-listed Plc were promoted and sold, and whether investment advisors gave appropriate advice at point of sale. We are interested in representing any investors who were mis-sold shares in this company.

South West: ready for the next challenge

Rebecca Parkman, a partner at Wards and president of the Devon and Somerset Law Society has been talking to the Solicitors Journal about the future of South West firms. To read the full article please download here. Reproduced with permission from the Solicitors Journal.

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