Most people assume that if something were to happen and they lost the ability to make important decisions for themselves, that their family or close friends would be able to step in and make those decisions on their behalf. However the law does not work in that way.
The Government has announced its plan to change the Property Law Act aimed at facilitating rent and outgoings relief for small businesses that are struggling to meet fixed costs due to the loss of revenue caused by COVID-19.
In previous articles in Trust eSpeaking, we have explained why it is important to have an enduring power of attorney (EPA) and the problems that can be created if you do not have one when the need arises. You should have two EPAs – one for property, and the other for personal care and welfare.
Helping your children – with care
When purchasing property with family it may feel awkward to raise questions as to how to manage the legal arrangements; however it's an important question to ask.
Buying a house is known to be one of the most stressful times in your life, and competing with other would-be purchasers in a heated property market doesn’t help the stress levels...
Before becoming the host-with-the-most phenomenal reviews, it is important that you understand the IRD’s requirements and your obligations to your lender, insurer and local authority...