The Office of the Public Guardian promised it would simplify the Lasting Power of Attorney form this year. Whilst it was originally hoped that the OPG would merge the Property & Financial Affairs form with the Health & Welfare form to reduce the cost of setting up both, this has not happened but still some progress has been made. The OPG has advised that the new forms for both property and financial affairs LPAs and health and welfare LPAs will be simpler and clearer. From the 1st July 2015 the new style forms: Reduce the number of certificate providers needed to one Remove the requirement to notify someone of the registration and leaves this as optional – it is part of the LPA Encourage
“Inheritance Tax is, broadly speaking, a voluntary levy paid by those who distrust their heirs more than they dislike the Inland Revenue” (Roy Jenkins MP) Not many of us will consider how inheritance tax will affect us in our later years, some of us don’t think that we have an inheritance problem, and even more of us think that there isn’t much we can do about it. In actual fact, now more than ever, an increasing number of families are leaving their children with a huge tax bill to pay instead of a modest inheritance, the exact opposite of what they intended. You may be thinking.. “I am still young, I do not need to worry about this for a while!”. In most cases, we can help to minimise your
