National Savings & Investments (NS&I) has announced it is scrapping its Children's Bond for new savers from September as it introduces its Junior ISA.
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Latest articles from Pamela Niven
Often it is assumed that should someone become incapable of dealing with their own affairs then their spouse/civil partner, or close family members, will be able to act on their behalf. However, this is not the case. Unless there is a Power of Attorney set up in advance, no one has an automatic authority to make decisions about someone's life if they lose the ability to make decisions for themselves.
Two thirds of adults do not have a will and Citizen's Advice recently announced that the number of enquiries it receives about people who have died without making a will has more than doubled in the past five years. As lawyers, we know that making a will in Scotland is a straightforward process and only takes an hour or two from start to finish.
How confident are you that you Will is up to date in terms of distributions to the family and also in consideration of Inheritance Tax? Here's a real life example of why making a Will is just the starting point in ensuring an individual’s wishes are observed.
According to UK report last year, a typical internet user has more than 100 separate online accounts – from online banking to social media. Indeed, it would be unusual now for someone to die without leaving some sort of digital footprint. What happens to all of these accounts on the death of the account holder? Here, we look at the current situation and the best ways to get your digital assets in order.