Gavin Ball Later Life Planning

15/05/2022

Estate accounts can be complex. Best to seek professional help to complete them correctly.

Gavin says: After a death, the deceased’s executor or administrator has the job of winding up the estate. Once this has been done, they are required to

03/04/2022

January 2022 brought new rules about excepted estates. Would your named executor in your Will be aware of these new rules and how they may affect your estate?

Gavin says: As a Will maker, it is important your chosen executor knows that some estates are excepted from the need to pay Inheritance Tax, which could mean

28/02/2022

Gavin says: Certain dissatisfied beneficiaries can attempt to make claims against your estate which could be expensive to be defend. Therefore, careful estate

20/02/2022

Parents not splitting inheritance equally amongst their children can lead to expensive consequences.

Gavin says: Parents deciding not to split inheritance equally between their children in their Wills can lead to family disputes and inefficient Inheritance Tax

22/01/2022

Be careful, there are pitfalls and traps of administering a deceased estate on your own.

Gavin says: when someone dies, it is often necessary to obtain a Grant of Probate or a Grant of Letters of Administration. This is the document, which can be

14/01/2022

99% of success lies in planning! Sort it before the problem arises!

A study has shown that sibling rivalry lasts into adulthood, with arguments continuing down the years over sensitive issues. A poll commissioned by NOW found

09/12/2021

Careful handling of a deceased person's estate is needed to avoid personal liability and unhappy beneficiaries.

Gavin says: Part of winding up someone's estate when they pass away involves settling all of their debts. As well as paying bills, there are expenses relating

04/12/2021

Should you decide not to plan ahead and put Lasting Powers of Attorney in place, and you lose mental capacity and need your affairs taken care of, a deputyship order from the Court of Protection will need to be considered. This is a time consuming and expensive alternative to a Lasting Power of Attorney.

Gavin says: ‘If a person lacks mental capacity, their affairs are complex and they have assets that need looking after, a deputyship order should be

16/11/2021

Long Term Care Fees, the ultimate stealth tax. Plan to mitigate your exposure to it.

Gavin says: 'We will never know whether we may need long-term care or not. Alot of us may have to face it during later life but some may have to at an earlier

08/11/2021

Acting as an estate executor is a very responsible job.

Gavin says ' Selecting the right executor to be named in your Will, is very important.' The role of executor to the estate of someone who has died comes with a

21/09/2021

Gavin says: ‘When deciding to set up a Will, there are several important things you need to give thought to first.’ 1. The appointment of an

08/09/2021

One of the most important decisions we will ever make.

Gavin says: ‘When arranging your Lasting Powers of Attorney (LPAs) and you need to decide who to appoint as your attorney, it is very important to