| Client: | Mr R – Braintree, Essex |
| Date: | Jan 2020 |
| Detail: | Value |
| Tags: | Inheritance Tax Planning , Trust Management , Trust Planning , Will Planning |
About The Project
We were instructed by a husband whose wife was residing in a care home near Chelmsford, Essex having sadly lost capacity. He wanted to sell their Essex home, downsize and generally tidy his affairs.
Upon further investigation it was discovered that he and his wife were the legal and beneficial owners of the main residence, so technically he couldn’t sell their home without his wife (or her attorney’s) approval.
Unfortunately, the wife did not have an Enduring Power or Lasting Power of Attorney for finances in place, so he found himself in a position where he could not sell the property. As such, he lost numerous buyers.
