Archive for the ‘Practice Areas’ Category

Buyers must consider worst case scenario when “buddying up” on property ladder

Tuesday, September 6th, 2011

Rosalind Watchorn Solicitors logoHome-buyers who “buddy up” with a friend or relative in order to afford their first home must factor in all worst case scenarios before buying, says Rosalind Watchorn Solicitors in Sheffield

Rosalind Watchorn Solicitors, which earlier this year secured membership to the Law Society’s prestigious Conveyancing Quality Scheme, which recognises high standards in home-buying, is warning those looking to buy their first home with a friend or relative that there is more to consider. Rosalind Watchorn Solicitors says failing to plan for all eventualities, even death, could leave you in difficulty in future.

Rebecca Linsell, Partner says: “With home loans less accessible than a few years ago joining up with a friend or relative to buy a home is a good alternative. However, there is much more to consider when buying this way. There is a high possibility that one party to the joint ownership’s circumstances could change, so it is vital to consult your solicitor early on to cater for every possible change in circumstance.

“Sometimes a co-ownership contract might be necessary, but at the very least Rosalind Watchorn Solicitors can highlight all the options and possible scenarios to both owners. We can also advise on the type of mortgage which might be suitable and how joint ownership fits into your estate and will. There may also be tax implications that we can advise on.

“Circumstances when buying jointly are more likely to change. If you buy with a friend and they subsequently marry or change jobs they might want to move on and not be tied down anymore by the property they jointly own with you. Or if you buy with a family member who doesn’t reside there, but who dies and leaves their share to someone else you may need to factor that into any initial agreement.

“It does sound daunting, but far from put anyone off it is important that you seek legal advice on joint ownership. When it is difficult, as now, to raise a deposit and secure a mortgage on your own buddying up is an excellent way to get a foot on the property ladder, but it needs to be done with legal advice from a CQS accredited firm.”

Rosalind Watchorn Solicitors underwent a rigorous application and assessment by the national Law Society to become part of CQS initiative, which recognises high quality in residential conveyancing. CQS has the support of the Council of Mortgage Lenders, the Building Societies Association, Legal Ombudsman and the Association of British Insurers.

For further information, please contact Rosalind Watchorn Solicitors on 0114 229 0160 or visit www.rwatchorn.co.uk

Panorama Highlights Dangers of Using Will Writers

Tuesday, August 10th, 2010

Solicitors for the ElderlyIn this week’s Panorama programme, presenter Vivian White highlighted the risks in using a will writing service. Many people are under the false impression a ‘will writer’ is a solicitor, but unlike a solicitor they do not have to undergo any training, have insurance, and are not regulated by any organisation which ensures that they conduct their activities in the interests of the consumer and provide some form of redress, if things go wrong. If they go out of business, there is little that can be done- sometimes the will cannot be found, even where charges have been made for storing it.

Andrew Poole’s wife, Suzanne used a will writer, but the will failed to include any provision for him, leaving the entire estate in trust for his stepdaughters. Caroline Bielanska, Chief Executive of Solicitors for the Elderly, appeared on the programme, and expressed concern that a spouse had not been provided for. The will writers appeared to have failed to advise on his right to bring a claim against the estate for inadequate provision. She said, ‘a specialist solicitor would have asked why a spouse was left out, kept a detailed record of those reasons and advised of the high risk that the will would be challenged’. Solicitors are in the business of giving legal advice, taking into account the client’s domestic and financial circumstances- it does not appear that Suzanne Poole received any such advice’.

The lack of regulation has enabled many will writers to adopt high pressure selling techniques which was illustrated in the programme, often offering wills for a low or discounted fee, and then recommending themselves to be appointed as executors, selling other services without full advice, such as transferring the home into a trust in an attempt to avoid care fees.  Terms and conditions can be poorly worded and difficult to understand. In secret filming undertaken by the BBC for the programme, an elderly couple was not told the details of charges which were confusingly set out in writing but then taken away by the will writer.

The fear of solicitors’ costs, prompts some people to use will writers. A spokesperson representing the Sheffield Solicitors for the Elderly members, which include Bell & Buxton, Graysons, Wrigleys and Simpson Sissons Brooke commented, “Solicitors are required to set out in writing the basis of their charges, and in many cases wills are undertaken for a fixed fee with free storage of wills and other documents. This programme highlights the potential for getting it wrong without full legal advice and the need for proper regulation of will writers. It can be very costly to undo after you have gone and can leave your family in disarray when they have to pick up the pieces as problems generally only come to light when you have died.”

Recent research by the consumer group, Which? found that the average fee for will drafted by a solicitor was  £130, compared to a will writer of £107.

Notes :

  1. Solicitors for the Elderly (SFE) is a national organisation of lawyers, such as solicitors, barristers, and legal executives who are committed to providing and promoting robust, comprehensive and independent legal advice for older and vulnerable adults, their family and carers.
  2. 67% of consumers wrongly believe that all will writers are solicitors, research has shown. A survey of more than 1,000 people revealed that 82% assumed that training and qualifications are required before someone can become a will writer. The Fellowship of Professional Willwriters and Probate Practitioners commissioned the survey.
  3. Solicitors are regulated by the Solicitors Regulation Authority and must follow the Solicitors Code of Practice and Solicitors Accounts Rules.
  4. Solicitors have to undertake regular continual training.
  5. Research from Which? identified that many people were not given full advice about costs upfront by will writers, particularly for the cost of probate (Feb 2010).

Sheffield solicitors Bell and Buxton raise £4,000 for WillAid charity

Friday, March 5th, 2010
Charles Neal Wills & Probate Solicitor at Bell & Buxton Solicitors Sheffield

Charles Neal, Wills & Probate Solicitor, Bell & Buxton, Sheffield

Bell & Buxton Solicitors participation in the Will Aid Campaign last November has raised an incredible £4,000+ for the Charity.  With the addition of Gift Aid the overall donation is likely to be over £5,000.  “Not only are we pleased to have raised such a fantastic amount for charity but we are also pleased to have provided well over 100 Wills to people most of whom had no Will at all in place before the campaign.  The feedback we have received has generally been very positive which is a testament to our professionalism and efficiency” says Charles Neal, a Solicitor at the firm specialising in Wills & Probate.

The Will Aid Campaign is founded on the principal that everyone should have a Will.  Without a Will when somebody dies their estate is distributed according to the rules set down in legislation.  People often think that they are OK because everything will go to their “next of kin”.  However, this is not always entirely true and even when this would be the case the rules could be changed by the government at any time.  The only way to be certain that you influence what happens to your property when you die is to make a Will.  By engaging a solicitor to advise you and to prepare a draft Will you can be sure that you have considered all the possible consequences of leaving your estate in a particular way and you can be sure that the Will properly and effectively reflects your wishes.  You can contact Charles Neal on 0114 2495969 or email c.neal@bellbuxton.co.uk.