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Lasting Power Attorney: Property and Finance
Hello everyone, I would really appreciate some advice here as currently my husband and I are in the process of filling out the LPA application forms on the .gov website. We are both setting up LPA for Property and Finance so that if I lost capacity, my husband would be able to make financial/property decisions on my behalf…
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The Budget trick
Pensioners receive CPI on State Pensions, but the reduction of NI rather than income tax leaves non-working pensioners without a direct pension benefit.
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UK newcomer investment query
Hi all, I have only been in the UK for a short while and have been working for almost 2 years. I am 65 years old and was wondering what would be the best way to invest my capital as I will obviously not get a full pension, although I intend to work as long as I am able. It is not enough to buy a property.
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Lasting power of attorney.
Hi does anybody know if after registering the lasting power of attorney can the donor if they still has mental capacity are allowed to tell the attorney that they want to change their Will and can the attorney do it .
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Ring doorbells free for victims of crime.
Following a series of incidents at my house,resulting in smashed windows and doors,my Ring doorbell was also broken.The police informed me that Amazon provide free Ring doorbells to victims of certain crimes (including,in my case,harassment)on production of a valid crime number.Amazon say this is not the case but,on…
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Advise on housing options
I am doing some 'estate planning' with my parents who have appointed me LPOA for them both and just wanted some advice or guidance on the following: My parents have been married approx 30+ years and are still together, they own the home they live in outright. Currently the home is registered solely in my fathers name. My…
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My house, will this count to husbands care home costs?
After many years struggling as a single mum, I worked very hard to buy a home and save into a pension which I fully expected to leave to my children. I have since re-married and as I approach retirement and old age, I now wonder what my position would be re any care home fees if my husband needed to go into care? He is not…
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Residential home financial assessment
My grandad was in hospital for a while after a few falls and was then transferred into a rehab bed (in a care home). After being there for 4 weeks he was then admitted to hospital and is now medically fit for discharge, however the doctors and nurses believe a care home is the next step and we’re waiting for a social work…
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Deprivation of assets
So I've been reading up about what some councils consider to be deliberate deprivation of assets when deciding whether one would be eligible for state funded care in the event that I need it. I can understand gifting/ selling/ transferring deeds. But on the list is also gambling and "living extravagantly" I was just…
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LPAs
I am finally getting around to looking at this aspect of my 'closing down' plans! Quick question: I am amazed at the price discrepancy (usually in the hundreds of pounds) beteween 'Billy's LPA Services' and 'Ripoff Solicitors LLP'. Is it like conveyancing, where using a High St solicitor generally means they give it to a…
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Equity Release
My wife had to take out an IVA due to a failed business. The IVA company are now forcing her (us) to take some kind of equity release loan as additional payment, so I am wondering what would be the best option. My wife is currently 55 years old, I am 63 and on the brink of retirement. We were not expecting this bombshell…
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Pension credit (your appropriate amount)
when and how often does the appropriate amount change (ie) go up?
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LPA
To fall foul of deprivation of assets: "The local authority must show that you knew you may need care and support in the future when you carried out this action. It is therefore an evidence-based test of both foreseeability and intention" If I preemptively wrote a will or completed and LPA for health and finances would the…
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Retirement properties and Digital Voice
Moved to Broadband group.
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Inheritance tax query
I have a question about inheritance tax question which is really bugging me If I gift my daughter £500,000, and for the sake of argument this is above the IHT allowance threshold I have; I never married, I don't own a house to utilise my resident NRB. Without revealing my age, say I live to 100, which will exceed the "7…
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Gold bullion and bars
Anyone know best place to sell gold?
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Paying Council Tax on two homes
Hi I hope you can help. I will be working away and living on my own in a rental property during the week. I understand that I will need to pay council tax on this rental property and can claim single occupancy discount. My question is - can my partner claim single occupancy discount on the other house as I will only be…
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Rodents
It was my mother's 95th birthday this Monday, just gone. She lives in her own apartment within a retirement block. She has a door leading to the garden that is often left open. She exhibits moderate cognitive impairment with many of the hallmarks of vascular dementia. Amongst her birthday presents, she received three large…
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Dyson sale
Just thought I’d share this https://www.ebay.co.uk/e/_electronics/30-off-dyson-2408?_sop=12
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Some scenarios
Hi all. My friends (married couple in their 60s) are considering taking out equity release. They have no children to leave assets to so saving money for that purpose is not needed. They’d like to still live in their home which is mortgage free but are unsure about certain circumstances. Say if they took out a standard…