The Important ‘All in the Car Together’ Clause

A recent gift to the charity Oxfam has highlighted the importance of making a provision in your Will for the unlikely event that the whole family should die with you or before you.

Richard Cousins was the head of Compass, a successful Catering company, and had an estate worth in excess of £40m. On 31st December 2017, he was with his fiancée and 2 sons (aged 25 and 23) when the plane they were all flying in crashed into a river in Australia and all on board were killed.tom-barrett-318954-unsplash

Cousins’ Will provided that his estate would pass to his sons, sadly they died with him. His Will included a long stop provision that should his sons also pass away then the bulk of his fortune would pass to his chosen charity, Oxfam. Without this provision, his estate would have been governed by intestacy rules.

At Four Oaks Legal Services, when we talk to you about making a Will, of course we look at family members you wish to provide for in the first instance but often, particularly where children are young and it is likely that you travel together, or where the family is small, we will advise you to name a ‘long stop’ individual or charity who would be entitled to benefit should those first in line have passed away.

Hopefully, the worst won’t happen but if it does then it’s important to have a plan in place. Many charities rely on legacies in wills and in 2017 legacy giving accounted for over half the single source of funding for charities.

If we can help with updating or making a new Will for you please contact Rebecca or Joanna on 01543 440 308 or e-mail us at rebecca@fouroakslegalservices.com or joanna@fouroakslegalservices.com

 

Great News – We are Expanding!

We are pleased to announce that we are expanding and will be opening our new Lichfield office at Ground Floor, New Media House, Lichfield, WS14 9DZ on Monday 22nd October.  

We have outgrown our offices at 168 Birmingham Road, which has been our home for the last 2 and a half years.  New Media House will become our main office but we will continue to offer appointments at 168 Birmingham Road, Shenstone Wood End, WS14 0NX as we currently do now.  Therefore clients who visit us at our offices can choose which location they wish to visit.shutterstock_159894752

The new Lichfield office is on the outskirts of Lichfield and there is plenty of parking at the rear of the office.  We will be based on the ground floor with an easily accessible meeting room.

We look forward to welcoming you to our new office soon!

Lasting Powers of Attorney Refund Fees Update

We reported back in February that the Office of the Public Guardian would be making partial refunds to people who had paid to register their Lasting Powers of Attorney between the 1st April 2013 and the 31st March 2017.  This was due to the Office of the Public Guardian making savings on their operating costs which weren’t passed onto the public during that time.

Following a Freedom of Information request, the Office of the Public Guardian have confirmed that as at the end of August, there have only been 158,212 claims made for refunds.  The OPG believes there are over a million potential refunds due.

rawpixel-1065670-unsplashIf you might be due a refund and you haven’t yet made a claim, full details can be found on the Government website https://www.gov.uk/power-of-attorney-refund

Applications can be made online or by telephoning the Office of the Public Guardian on 0300 456 0300 (choose option 6).