It is worrying to think about what would happen to your personal affairs and finances if you were to lose mental capacity. But what about the stability of your business and the financial future of it and any employees?
Legal Resources and News
Read jargon-free articles and guidance pieces written in-house by our solicitors and keep up to date with what's happening at Neves.
The fact that Neves is 150 years old this year led us to wonder what events were going on in the country in 1867, and so we took to a very popular internet search engine to find out!
Most of the events which popped up were political, so it may be considered a little impolite to discuss them in our blog, but there was one notable event involving the famous Thomas Barnardo which caught our eye.
When we are drawing up Wills for clients who have children and grandchildren, we find that most of our clients want to benefit their family, and if possible pay as little Inheritance Tax as they legally can, so that future generations can benefit from the value of their property and their life savings.
Family arbitration is a method of resolving a dispute and an alternative to going to court where mediation and /or negotiations between parties, with or without their solicitors, have failed to result in an agreement. A separating couple can use this service perhaps where they have a dispute over finances or over the arrangements regarding the children, following the breakdown of their relationship.
Thinking and talking about what would happen if you lost your mental capacity to make decisions about your property and financial affairs and health and welfare can be very uncomfortable. However, it is far more important to think about how much worse the situation would be for you if you suffered a stroke or was involved in a serious accident or had dementia without making LPAs first.
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