Posts by Jemal Deo
Brothers, sisters and Inheritance Tax
Generally when one spouse dies and the other inherits, there is no Inheritance Tax to pay on that transfer. This is called the “Spouse Exemption”. Parliament is debating whether something similar should apply to transfers between siblings, in certain circumstances. You can track the process of the proposed legislation here.
Read MoreBest Will & Probate Solicitor UK 2022
We’re very proud to announce that Deo Law has won the Business Excellence Award for “Best Will & Probate Solicitor UK 2022”. A link to the page and details of the other winners, can be found here: https://www.acquisition-international.com/winners/deo-law-ltd/ To be named the best Will Solicitor in Lincoln would be one thing but to win a…
Read MoreI would like a new Will. What’s the difference between a “Solicitor” and a “Will-Writer”?
Solicitors are qualified professionals, regulated in providing their services. They have to follow the rules of the “Solicitors Regulation Authority” which cover things like handling client money and maintaining public faith in the profession. Solicitors cannot practice without indemnity insurance. Will-Writers are not necessarily qualified and they can choose not to be regulated; there are…
Read MoreDementia Friend
Jemal refreshed his training as a Dementia Friend recently. It’s important to understand what it means to live with dementia and some of the misconceptions people have about the disease. Mental capacity plays a big part in our work: from Wills to Powers of Attorney to Deputyship Orders.
Read MoreThank you, NHS
We’re really proud to be offering discounts and special rates to staff of the United Lincolnshire Hospitals NHS Trust and Lincolnshire Partnership NHS Foundation Trust for Wills, Probate, Trusts and Lasting Powers of Attorney. The staff can access the deals on their internal Staff Benefits site. Thank you, NHS!
Read MoreWill reading
Reeves v Drew [2022] For your Will to be valid, you have to know and approve what it says. You must understand the words used in your Will and what will happen when you die. Reeves v Drew is a recent case about a businessman called Kevin Reeves. Mr Reeves was worth millions of pounds…
Read MoreUnderstanding Lasting Powers of Attorney
In February, the consumer group “Which?” published a report about Lasting Powers of Attorney (“LPAs”). Which? surveyed 2,000 people in the UK and found a lot of confusion and misunderstanding about how LPAs work. For example, one in six people mistakenly think that they lose access to their bank accounts once an LPA is registered.…
Read MorePaying for your Funeral Costs
When you pass away, your bank accounts usually become frozen. That is to say, no money can be paid in or out. However, one important exception is Funeral costs. In most cases, if you send the Funeral invoice to your bank or building society, they should settle it directly, on behalf of your Estate. That…
Read MoreNone of your business?
With a “Lasting Power of Attorney”, you choose who can access your bank accounts, pay your bills and look after your home. But what happens if you’re a business owner? Should the people who look after your personal finances be the same ones who help run your business? Maybe you’d prefer a distinction between the…
Read More5 reasons to write a Will
Speed: When you die, the Probate process is usually more straight-forward (and therefore faster) if you have a Will. Choice: Personal family items, the people to look after your children, funeral arrangements – wouldn’t you prefer to have a say in these things? Do you know how decisions are made when there is no Will?…
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