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What to do when a parent dies

... . The bank should also pay the final invoice from your parent's bank account without argument. Do check though. 5. Notify the benefits agency. When you register the death there is a form (white form) to complete and send off. This notifies the ...

A guide to Inheritance Tax

... be paid if the total assets are valued below this amount. There is an important restriction on PETs called a 'gift with reservation of benefit'. The principle is that if you continue to enjoy the benefit of the asset, the transfer is entirely ineffective for IHT ...

Whose house is it anyway? A question of home ownership

... the fears of families gifting deposits to their children. Some couples (or relatives living together) are not married and so will not benefit from the transfer of their Inheritance Tax allowance( 325,000). They may wish to use Tenants in Common as a ...

FAQ: Appointing Lasting Power of Attorney

... visits and discussions about the document, he confirmed he had understood all that I had said, but still could not see the direct benefit preparing an LPA would be to him. Although it seems an obvious point, preparing LPAs allow an individual to appoint whom they ...

How will the 2014 Budget affect our parents?

... elephant in the room for us children is would we rather help our parents manage such pots of money, that one day we might benefit from? Or would we prefer to expend no energy and then see all of our parents hard earned money end up with some ...

Summer energy saving tips for your parents

... . Sunlight is free, so once the initial installation has been paid for, electricity running costs will be reduced and your parents will benefit from year round warmth. How viable this is and how long it takes to recover costs depends on factors such as initial investment ...

5 reasons to retire overseas

... Whether emigrating on a short or long term basis it's a big decision to undertake with many factors to take into account, yet the benefits can be considerable. We share our top 5 reasons to start a new life overseas. 1. Here comes the sun The ...

What is NHS Continuing Healthcare?

... can leave both you and your parent in a state of confusion. It can be difficult to understand how these processes can be of benefit to your parent but ultimately NHS Continuing Healthcare is there to help your parent manage their complex on-going health conditions and remain independent for ...

Who wants to listen to what you think?

... to people who will listen and can act on your feedback. If not that, they will at least share your experiences for the benefit of others. Time-limited surveys and questionnaires At the time of writing (June 2014) the Association of Ambulance Chief Executives is looking ...

How to arrange a community care assessment

... looking for to help your parent. We share how to arrange a community care assessment, what the process involves and how it can benefit your parent. Why does my parent need an assessment? If your parent needs help with their personal care because of serious illness ...