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Years ago when family were having to deal with the sad task of getting probate and administering the estate of a loved one who had passed away, they would often use a local solicitor. That is no longer necessary and may not be the best thing to do for...
The effects of the Covid-19 pandemic on indoor visiting for care homes has made the news again in recent weeks as the government introduced measures to allow care home residents one visitor, as a part of the easing of lockdown restrictions in England...
Self-employed business owners often have a person pension or self invested personal pension (SIPP) and it is important to consider these when estate planning . A significant chunk of your wealth could be tied up in the SIPP.As much, or more, than your...
Lots of us think of our house as being our biggest asset and the main thing to consider when planning what we want to happen and who we want to look after if we die. But if you have been paying into a pension for a while, you could have built up a...
I would always strongly advise you make a Will in any event regardless of your financial or family circumstances. When there is no Will made before someone passes away, administering their estate can be far more complex and there may need to be...
Many people are becoming much more tech savvy and are looking to save money where they can. This is completely understandable in the current climate and more and more people are looking at dealing with the estate of someone who has passed away as a...
If a person lacks mental capacity and has not put in place a power of attorney beforehand, it is likely that they will require the support of a deputy to manage their financial affairs and, in limited circumstances, to make decisions regarding their...
More individuals and families are finding themselves exposed to the possibility of their estate suffering inheritance tax (IHT). The basic IHT exemption of £325,000 per individual has remained unchanged for some years. An additional Residence Nil...
People commonly refer to the process of administering a deceased person’s estate as Probate . The people responsible for administering the estate, known as the personal representatives, have a number of duties including: Identifying if there is...
It is never too early to consider putting provisions in place for your family and their future. The size of your estate is irrelevant, everyone should have a Will in place. However succession planning involves more than just making a Will , as you...