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Mobility scooters: a guide for the beginner

... at speeds of up to 8mph on the road. The owner needs to register a Class 3 scooter but will not need to pay tax. There are no legal requirements to insure the vehicle, though it is wise to protect such a valuable piece of equipment. ...

How to fund care home fees through investment

... ownership basis of their home so that it's held as 'tenants in common' rather than joint-ownership. Although this no longer has any inheritance tax (IHT) benefits (since the government allowed a double IHT limit for married couples) this will give your parent the advantage ...

10 questions to ask your parents before it's too late

... point you to where it's filed, that will save a huge amount of time. That means: Bank and savings accounts Shares Pension Tax office address and reference numbers Anything else... 8. Where are the contact details for your utilities providers? Who needs ...

What happens if a relative dies intestate?

... 2015. If you found this article useful you may like to read Why are wills and probate so important? A guide to inheritance tax And you can download our finances guide on setting up power of attorney You can make sure you receive our latest tips and advice ...

How to find the right car insurance for your parent

... in town centres but can also save your parent money. Should they meet the assessment criteria your parent will be exempt from paying road tax which can be factored into the running costs of their car as they get older. However Blue Badge holders may find it particularly ...

Where do retirement living apartments fit into our life plan?

... home or nursing home might not be more appropriate. Other factors to consider include: How long is the lease? What's the council tax and who pays? Are there limitations on visitors? What about pets? Is there actually enough space in communal areas for residents ...

How to manage your parent's property once they've moved out

... your parents' home Do you or your parents want to become landlords? Whilst tenanting your parent's house may generate some income (notwithstanding tax implications) tenants can be demanding, requiring their requests and repairs to be dealt with quickly. Do you let the property furnished ...

How to manage your parent's financial affairs

... legal executives, has a directory of lawyers you can search by location. Stuart Adams is an Associate Solicitor in the Private Client& Tax team at Penningtons Manches LLP and a full professional member of Solicitors for the Elderly. Call Stuart on 01483 791893 or email him ...