It is an awful time when you watch the person you love slowly but surely slip away. I don't mean slip away into death but mentally slip away. They become forgetful then forget who you are, they randomly wander. This can be very distressing. This person could become a target and be financially taken advantage of.
Statistics are showing a higher number of people are living well into their 80's. However it has been stated that at least half of those who live to be 80 plus will develop some form of dementia or Alzheimer's.
I found this to be a scary statistic.
The only way to easily protect property and finances is by drawing up a Lasting Power of Attorney. I like to see this document as an insurance policy - you may never need it but if at anytime you do it is there ready to use.
The important thing to remember is this document can only be drawn up if the donor (the person making it) has full capacity.
There is a true yet awful story of Heather Bateman a woman (True Story of Heather Bateman) who had to battle with everyone to be able to have control of her husband's finances after he was left in a coma following an accident. It took 3 years for this to be sorted out. If her husband had made a Lasting Power of Attorney this wouldn't have happened.
So ensure yours and those around you have a Lasting Power of Attorney drawn up.
Tuesday, 3 January 2012
Tuesday, 20 December 2011
Cinderella's Story is a Reality
The panto season is in full swing with Aladdin's and Sleeping Beauty's across the country performing some of the best loved stories.
I am a great lover of panto and have been since I was a child and was pulled up on stage by Keith Chegwin to wiggle my bottom in a production of Jack & The Beanstalk.
Now I am older and running a Wills and Probate Company the obvious pantomime that sticks in my mind is Cinderella. Why I hear you cry well let me tell you.
Cinderella's father and mother were married and had a beautiful child called Cinderella. Cinderella's mother then dies while Cinders is still very young. Cinderella's father meets another woman who seems quite nice and has 2 daughters of her own from a previous relationship (all sounds quite familiar these days). They marry and all 5 of them live together in Cinderella's fathers house.
No Will is completed and Cinderella's father dies. Due to the lack of provisions and motivated by trust alone everything passes to Cinderella's stepmother
Now we all know the story. Unfortunately in real life there are no Prince Charming's to save us so in this day and age Cinders probably would have moved out first chance she got and begun working - getting by.
However, if her father had created a Property Trust in his Will he could have left his new wife (stepmother) with a roof over her head until the day she died / remarried perhaps with a lump sum of cash with the remainder passing to Cinderella on her stepmother's death. Thus everyone would have been happy.
So although Cinderella is a well-known pantomime / fairy tale this is a story I hear all too often in real life.
Simple inexpensive things can be done to protect all that you love.
I am a great lover of panto and have been since I was a child and was pulled up on stage by Keith Chegwin to wiggle my bottom in a production of Jack & The Beanstalk.
Now I am older and running a Wills and Probate Company the obvious pantomime that sticks in my mind is Cinderella. Why I hear you cry well let me tell you.
Cinderella's father and mother were married and had a beautiful child called Cinderella. Cinderella's mother then dies while Cinders is still very young. Cinderella's father meets another woman who seems quite nice and has 2 daughters of her own from a previous relationship (all sounds quite familiar these days). They marry and all 5 of them live together in Cinderella's fathers house.
No Will is completed and Cinderella's father dies. Due to the lack of provisions and motivated by trust alone everything passes to Cinderella's stepmother
However, if her father had created a Property Trust in his Will he could have left his new wife (stepmother) with a roof over her head until the day she died / remarried perhaps with a lump sum of cash with the remainder passing to Cinderella on her stepmother's death. Thus everyone would have been happy.
So although Cinderella is a well-known pantomime / fairy tale this is a story I hear all too often in real life.
Simple inexpensive things can be done to protect all that you love.
Single Parent Month - January 2012
· The Guardian reported in August 2011 that there are 69 million Single Parents in Britain, caring for three million children.
But what happens if the parent dies - who will look after these children?
Throughout the whole of January Abbotts Wills and Probate Services will complete a Will for a single parent for £50 (plus VAT) at a meeting held at our offices in Hertford.
This consultation will be full of advice and guidance as well as a legally binding Will at the end which will cater for all of your needs especially appointing guardians for your children.
If you wish to take advantage of this promotion please call the office to arrange an appointment at our office at Conbar House, Mead Lane, Hertford, Hertfordshire, SG13 7AP on 0845 313 3353 or email info@abbottswills.co.uk. We will tell you everything you need to bring along for the meeting.
But what happens if the parent dies - who will look after these children?
Throughout the whole of January Abbotts Wills and Probate Services will complete a Will for a single parent for £50 (plus VAT) at a meeting held at our offices in Hertford.
This consultation will be full of advice and guidance as well as a legally binding Will at the end which will cater for all of your needs especially appointing guardians for your children.
If you wish to take advantage of this promotion please call the office to arrange an appointment at our office at Conbar House, Mead Lane, Hertford, Hertfordshire, SG13 7AP on 0845 313 3353 or email info@abbottswills.co.uk. We will tell you everything you need to bring along for the meeting.
Wednesday, 19 October 2011
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