Private Wealth Matters by DMH Stallard
Podcast Description
Our podcast channel brings you thought provoking and insightful discussions on all things private wealth. We will talk about future and later life planning and wealth management, from making a Will or creating a trust, to preparing powers of attorney and ensuring the welfare of elderly or vulnerable relatives. Our experts will explore issues surrounding the administration of estates and trusts, and discuss effective tax and succession planning strategies for individuals, their families and family businesses.
Podcast Insights
Content Themes
The show centers on wealth management and generational wealth transfer, specifically exploring future planning, inheritance tax implications, wills and trusts administration, and effective succession planning strategies. Episodes such as 'Merry and Mindful: Tax-Efficient Giving Explained' and 'Inheritance Act Claims and the Myth of the Watertight Will' delve into current trends affecting wealth transfer and provide actionable insights for listeners navigating these challenges.
Our podcast channel brings you thought provoking and insightful discussions on all things private wealth. We will talk about future and later life planning and wealth management, from making a Will or creating a trust, to preparing powers of attorney and ensuring the welfare of elderly or vulnerable relatives. Our experts will explore issues surrounding the administration of estates and trusts, and discuss effective tax and succession planning strategies for individuals, their families and family businesses.
Control and choice – the importance of LPAs
No one wants to think about a time in the future when they may no longer be able to make decisions for themselves about their health, welfare, property or finances. However, as we are all increasingly living longer and sometimes with conditions such as dementia, it is important to think now about what you would want to happen in the future in such circumstances.
A Lasting power of Attorney (LPA) may be an insurance policy that you never need to use but should be viewed as a key part of later life planning.
• What are the different types of power of attorney?
• When and how can an LPA be put in place?
• What are the duties and responsibilities of an attorney?
• What are the limits on how an LPA may be used?
• What happens if no LPA has been put in place and support with decision making is needed?
In this episode, Jenny Ray speaks with private client partner, Emma Weir, addressing these questions and discussing what LPAs are and why it is so important to have one sooner rather than later.
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