John Pearn's blog

Agricultural solicitor, John Pearn takes a look at current Inheritance Tax issues affecting farmers and their families

Solicitor, John Pearn, assesses the legal position

If a person loses their mental capacity to make decisions then a Lasting Power of Attorney or a valid Enduring Power of Attorney would continue, though both  documents need to be registered with the Office of the Public Guardian.   However. if there is no  suitable Power of Attorney then a near relation can apply for a Receivership Order.

WHO CAN APPLY FOR A RECEIVERSHIP ORDER?

Making a will can ensure your final wishes are carried out, including where your possessions and money go after your death.  It can also save your loved ones from a large inheritance tax bill.  If you die without a will then your estate will be dealt with under the government’s strict intestacy rules; you then have no say where your money and property go when you die.  This article explores what a will does that the intestacy rules don’t.