It is crucial to have Lasting Powers of Attorney (LPA) in place. Many think that this is something which can wait until they get older or if they begin to show signs of dementia. However, the need for having a valid LPA in place can strike at any...
Beneficiary | Somebody who benefits from a gift in a Will |
Claimant | Someone who makes a claim in Court proceedings. |
Inheritance Act | Inheritance (Provision for Family and Dependants) Act 1975. This Act enables a claimant to ask the Court to rearrange the terms of a Will or the rules of intestacy to make provision (or more provision) for them. |
Intestacy | Where somebody dies without making a Will. |
Mediation | Negotiation of a dispute involving the parties and a neutral third party mediator |
Personal Representative | An umbrella term to cover executors and administrators. |
Testator/Testatrix | Someone who makes a Will (male/female). |
Will | A legally binding document which sets out what is to happen to your affairs after you die. |