Your partner will only be responsible for paying any debts that they were also linked to, such as joint loans and agreements.
Having dementia doesn’t mean being unable to create a legally-binding will. At Miller Reeves, we can come to your assistance if you require professional advice on making a will.
What is a declaration of trust? If you’re thinking of buying a property with a partner or someone else, you may well benefit from a Declaration of Trust. This document outlines each parties’ share in the property and explains the rights and obligations of each owner. Rights and obligations may refer to outgoings, mortgage repayments Read more ➝
How do you dispute a will? People dispute wills for many reasons. If you are thinking of contesting a will, you need to find out whether you have grounds to do so. Many people who contest wills are bloodline relatives who are named in the Inheritance Act, which can include spouses and children. The vast Read more ➝
Probate is a term commonly used when talking about applying for the right to deal with a deceased person’s affairs. It is also sometimes called ‘administering the estate’.
The benefits of creating a family trust There are many advantages attached to setting up a family trust. Trusts enable you to pass wealth and assets to your children and beneficiaries and can protect them from any divorce settlements that may occur in the future. They are given the name family trusts because they are Read more ➝