Entries by Nigel Schofield

Is a Mirror Will right for you and your partner?

So many couples make “Mirror Wills” that leave everything to each other, assuming their estate will benefit their partner for life and then go to their children or grandchildren. Sadly, that’s not always what happens…? What is a Mirror Will Mirror Wills are simply identical Wills that a couple make, leaving everything to each other and […]

Over £30million in Bitcoin stolen raising concerns about the safety of cryptocurrency

Cryptocurrency is digital money that is stored in a virtual wallet and uses encryption techniques to generate currency and verify the transfer of funds. Cryptocurrency is once again in the spotlight after this latest security blow hit the headlines. One of the world’s largest digital coin exchanges, Binance, admitted that hackers had stolen over £30million in […]

What does it mean to be named as an Executor?

Around six million people have experience of acting as the Executor of a Will but just 4% realise that they are legally responsible for the accurate distribution of the estate that is entrusted to them. Past research has shown that 96% of Executors did not realise that they were legally and financially responsible for the […]

Protect your Home from Sideways Disinheritance.

If you were to die and your partner remarried your home may be at risk of being lost to the new spouse, leaving your children with nothing. Thankfully there are legal steps that you can take to prevent this happening. At Farsight Wills we specialise in ensuring that you and your family are protected against […]

What happens to your loyalty points when you die?

Here’s one you might not have considered. What happens to unclaimed loyalty points when we die? As we shop, many of us collect loyalty points from multiple companies and throughout a lifetime this can amount to a substantial value. This blog post explores how different retailers treat rewards and points after death. According to TopCashback.co.uk, […]

£77 Million Worth Of LPA Refund Scheme Still Unclaimed!

It has now been over a year since the Office of the Public Guardian (OPG) set up a refund scheme for overcharged families that applied for a lasting power of attorney between 2013 and 2017. During this time, it is estimated that around 2 million people were overcharged by £89 million during the application process. […]

The Danger of Mirror Wills

Around 40% of marriages in the UK are second (or even third) unions, which creates a lot of step-families – and occasionally, chaos among the kids when their parent and step-parent die. Mirror wills – where two people set down the same wishes for their legacy – are relatively common among couples but can split […]