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It is no surprise that many people are now considering making a Will and getting their affairs in order during this uncertain time we currently find ourselves in. Although it is never a pleasant issue to think about, making your Will and ensuring it...
The All Party Parliamentary Group on Inheritance Tax and Intergenerational Fairness (APPG) reported in January 2020 with some radical proposals for reform of Inheritance Tax (IHT). The group was set up to facilitate methods of reform to deal with...
There is sometimes a big difference in what law firms charge to draft a Will or administer an estate after someone’s death. There can be a particularly large variation based on location, with some solicitors in the South East charging...
What do I need to do as the personal representative? If you are an executor of a Will or if you are administrator where somebody has passed away without leaving a Will , you are legally responsible for administering their estate. This means that you...
One of the main reasons why people make Wills is to provide for their children if they die. It’s not a pleasant thought, but making sure your children are looked after if you die is the major concern for most parents. Solicitors will want to...
People often have multiple assets, policies and debts that need to be dealt with when someone dies. In the majority of instances, people do not have a file or comprehensive list of these assets making handling financial affairs quite a time consuming...
Probate follows several key stages and who can apply depends on whether there was a Will or not. Where a Will is in place, the people responsible for handling the estate are named as executors . They may be family members, a friend or someone else that...
The probate process can seem complex and confusing especially if you are a beneficiary and do not have all of the information to hand about the probate process. The rights to all the estate information are assigned to the executor. Although it is...
An executor is chosen by a person making a Will to handle their estate upon their death. The executor or executors handle the distribution of assets and pay any debts as well as handling any other interests expressed in the Will. In...
Many people don’t know that if you get married it revokes all previous Wills. That could mean that if you have children from a previous relationship and you have provided for them in your Will but you then get married, they could be disinherited. ...