Economic meltdown is making thousands of wills out of date
THE credit
crunch is making wills written in healthier economic times out of
date and in urgent need of updating, says the Law Society. With home values
plummeting and other investments struggling, many assets in a
person’s will have lost value, says the Law Society.
Paul Marsh, President of the Law Society, says:- “Those
wanting to leave friends and family in a secure position after they
pass away might find that what they have left in their will has
considerably less value than when their solicitor wrote it.
With homes losing value people may need to look again at their wills
especially if they have included tax planning provisions which are
no longer appropriate.
The same goes for shares and other assets. The value of the assets
in a person's will might have fallen significantly since it was
drafted and so the will may need to be rewritten.
It is essential that anyone with a will who has not looked to update
it recently goes to their solicitor to review it and, if needs be,
change it to reflect their current financial situation.
A solicitor is best placed to advise on any necessary amendments, as
well as provide guidance on tax planning. Reducing the tax burden on
the assets you wish to leave in your will has an even more relevant
benefit for your family and friends in the current economic climate.
If you do not have a will, now would be a good time to write one or
risk leaving friends, families or other intended recipients of your
assets with nothing.”
SOUTHPORT-DEVELOPED DEMENTIA SUPPORT PACKAGE MADE AVAILABLE TO CARE
GROUPS
AN innovative
dementia care service developed in Southport is to be offered to
other care homes and related organisations, both in the UK and
internationally.
Dan Lingard, who owns Birch Abbey care home in Southport, has
packaged up the key facets of a dementia support service which he
pioneered and developed, and created:- "iPersonally" (www.ipersonally.co.uk).
"The iPersonally approach is aimed at transforming the
services available to people and families living with dementia.
At the heart of iPersonally is the belief that technology must be
better harnessed to support people with dementia, their carers and
wider support network. iPersonally is seen
in the wider healthcare world as being a new and different approach
and attitude towards dementia care and support, and our own dementia
care centre, Birch Abbey, is leading the way in implementing it.
It is a care service that will provide different dementia-impacted
groups with different things, but, in each case, provide them with
options. But this also about the providers and commissioners of
dementia care. We do not want to create more of our own care homes,
we want to help others grow and enhance the dementia support
services they can offer by licensing iPersonally." said Dan Lingard. |
BRITISH TOILET ASSOCIATION
THE Government
Response to the Communities and Local Government Committee Report on
the Provision of Public Toilets was published last week.
The Government accepted that:- "the report reinforces the importance
of good quality public toilet provision for all members of society,
and recognises the work already undertaken by many local authorities
to improve the situation in their areas." Regrettably however, the
Government has failed to accept the recommendation of the Committee.
Committee Chairman Dr Phyllis Starkey MP said:- "It is
extremely disappointing that the Government has rejected our major
recommendation that local authorities develop a public toilet
strategy for their area, in consultation with the local community,
to ensure that more toilets are available to the public. The
Committee will be considering the Government's response in detail, in
due course and will decide what further action it wishes to take."
This means that not only does it fall short of the BTA's demands for
the Government to place an obligation on Local Authorities to
provide adequate public toilet facilities (the Public Health Act
1936 gives Local Authorities the power to provide public toilets,
but imposes no duty to do so), but this report also fails to ensure
that all who need to use public toilets in England - males and
females, families with babies and young children and those with
physical or mental disabilities, that need accessible toilets, will
be provided with the facilities that they require, and deserve.
Despite the fact that the overall number of public toilets has
declined in recent years, and the lack of reliable data makes it
impossible to track the decline, the Government has also failed to
accept the Committee's recommendation that:- "the Government seeks a
means of collecting this data, either through requiring local
authorities to provide figures from their own areas or by charging
the Audit Commission with resuming its collection of accurate
information on the provision of public toilets."
The Government also failed to accept the Committee's recommendation...
"that there should be standard public toilet signage across
the country (possibly using symbols rather than text to allow for
universal recognition, irrespective of language)."
The BTA urges all Local Authorities to produce a strategy on the
provision of public toilets in their areas, so that the British
public, and the increasing numbers of visitors to this country, can
enjoy the availability of public toilets, when and where they are
needed. BTA added that it "can provide assistance to those councils that may need
it."
What are your views on this subject? Please email our newsroom
via
news24@southportreporter.com. |