If you own a leasehold property, on a day-to-day basis you may not notice any differences from owning a freehold. However, leasehold means you do not own your property outright, only the right to occupy it for a set number of years. Your property is therefore a depreciating asset. The difference between owning a leasehold property and a freehold [...]
As an executor, you bear significant responsibility for administering the estate of the deceased person. A key challenge during this process is managing any variations in asset valuations that can occur between the date of death and the eventual distribution to beneficiaries. These fluctuations can arise due to changes in market conditions, the nature of the assets themselves, or [...]
Deciding who should inherit from you in your will, how much they will get and in what shares, are big decisions to make. This can be made more difficult if you have particular concerns about a beneficiary and whether the inheritance could be at risk. ‘Second marriages, family disagreements, or children who have a lot of debt can all [...]
Online auctions, especially the ‘modern method’ of auction, continue to grow in popularity. Last year saw a 40 percent rise in the value of property sold at auction, much of this online. But what exactly is the modern method of auction and is it something you should consider? ‘For a seller, there are certainly some advantages to the modern [...]
On top of the heartbreak and worry that a diagnosis of a life-limiting illness can cause, there will be a raft of concerns and uncertainties about your care and financial affairs and it can be difficult to know exactly how to prepare from a legal standpoint. ‘There are steps you can take to ensure that your care runs smoothly [...]
