There has been much in the Press in the last 18 months about making Lasting Powers of Attorney (LPAs), both in relation to property and financial affairs and health and welfare. COVID-19 has demonstrated that even the healthiest of people can become suddenly incapacitated.

A common concern for older people is how to pay for the costs of care in their old age. Many feel that it is unfair that their home and savings may disappear leaving nothing for their loved ones.

Making a gift of the family home can be an effective way to reduce your inheritance tax liability, but there are many issues to consider both practically and from a tax perspective.

The TV presenter, Kate Garraway's tragic situation highlighted that certain paperwork shouldn’t just be a priority for the elderly. Kate Garraway explained that the challenging and devastating circumstances the family found themselves in had been added to by the complications that came from her husband not having made a Lasting Power of Attorney.