Cornwall LivingIssue #124

Feeling prepared

Getting your affairs together to pave the way for yours and your loved ones’ futures. 


Approximately 65.5% of the UK are home owners. Of these, approximately 48% were first-time buyers and 35.1% are aged 65 or over. Whether you are a first-time buyer, upsizing, downsizing or investing into the rental or holiday let market, Maria Richards is able to guide you through the conveyancing process and has a wealth of experience in all types of properties and ownership. 

It is becoming more common for relatives to provide financial assistance to a family member who is purchasing a property regardless of whether it is towards their first home or a subsequent home. This may be an early inheritance gift to a younger relative, or it is also now common for children to assist their parents to move into more suitable accommodation for their needs. Whether the funds are from savings, mortgaging an existing property or taking out an equity release lifetime mortgage, Maria Richards can discuss the legal implications of this.

Buying, selling or remortgaging a property is a good opportunity to review your general affairs, in particular your Will and estate planning arrangements. New research shows that almost half of the number of adults in Cornwall may have a Will that’s out of date. It’s really important your Will is reviewed every few years, or when your personal or financial circumstances change. An outdated Will could cause severe implications for loved ones – including missed inheritances, higher inheritance
tax being payable and disputes between family members. 

Reviewing your affairs doesn’t need to take long, and might save you and your family a great deal of time and cost in the long run. Your circumstances may dictate a new Will, Powers of Attorney or other estate planning is necessary, or you may require advice about gifting funds for a property purchase, and Hannah Durston is available to review your arrangements.

Maria Richards (Chartered Legal Executive) specialises in all aspects of property transactions and she works closely with Hannah Durston (Private Client Solicitor). Both are based in mid Cornwall and are available to see clients locally face to face, or virtually further afield.