legal hub

Your questions… answered

Search our legal hub for the answers to some of the legal questions that we get asked most frequently. If you can’t find your question, just email us at enquiry@beswicks.com

Department: Private Wealth

Private Wealth

My spouse can look after my financial affairs if I lose capacity and am unable to do so for myself – Myth or truth?

Myth – Unless you have a registered Lasting Power of Attorney (LPA) in place

Private Wealth

I cannot do anything to save inheritance tax because it is tax evasion – Myth or truth?

Myth - There are many tax reliefs and allowances that are given to everyone to legitimately use.

Private Wealth

I can draft my will to secure my half of the estate for my children – Myth or truth?

Truth - Wills can be drafted so that even if a surviving spouse or partner changes their will after you die

Private Wealth

Our children are guaranteed to inherit my estate because my partner and I have both made wills – Myth or truth?

This is a myth - in most cases a surviving partner can change their will.

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My partner will get everything if I die so there is no need to make a will – Myth or truth?

This is a myth as unmarried couples are entitled to nothing if there is no will.

Commercial Property

Why is it necessary to provide ID and proof of funds when instructing a solicitor?

Providing ID and proof of funds is a requirement of The Money Laundering, Terrorist Financing and Transfer of Funds Regulations 2017.

Private Wealth

What happens to a lasting power of attorney when someone dies?

A lasting power of attorney is an excellent way to ensure your health, welfare and financial affairs are taken care of.

Private Wealth

Can I include my dog in my will?

Pets are considered personal possessions according to the law in England and Wales, so can be gifted to someone.