Understanding ongoing powers of attorney; what happens if you cannot make decisions about yourself.
An indefinite power of attorney gives a friend or relative the power to make financial decisions for you if you can't
None of us probably likes the idea of a court deciding who should look after our finances if we’re incapable of doing so. But the fact is that unless you’ve drawn up a legal document saying who should look after your finances, that’s exactly what could happen. So, make sure you get an ongoing power of attorney drawn up while you're still of sound mind, so someone can look after your finances if you lose mental capacity.
Pensions and divorce; how the pension can be divided and why pension freedoms could mean you lose out
Pensions offsetting, an attachment order and sharing in divorce – understanding the pros and cons
Working out how much assets such as the pension are worth may not be straightforward. There are three ways that the pension may be divided if you and your husband divorce, and some have more advantages than others. New pension freedoms, introduced in 2015, mean that people who have entitlement to a 'rinfenced' pension from their husband or wife could lose out. Find out why.
Paying by online or phone payment - are you protected if there's a problem?
If you’re shopping, you’re better off paying by credit or debit card because there’s consumer protection if things go wrong.
If you were buying something, would you give cash to a company you’d never heard of without receiving the goods there and then? Probably not. But if you pay by bank or money transfer, you’re taking a risk if you don’t know the company because there’s no protection if things go wrong. Paying someone this way - usually online or by phone - means the money goes straight from your account to theirs.