Trustee & executor of a Will? An executor and trustee are two critical roles that are responsible for managing an estate after someone passes away. An executor is responsible for distributing the assets of an estate according to the last Will and testament of the deceased. This includes paying any debts, taxes, and other […]
What is the diffrence between a trustee and an executor of a Will? Read More »
A guide to Inheritance Tax 2023 What is Inheritance Tax? Inheritance Tax (IHT) is a levy applied to the estate of the deceased, which includes money, possessions and all property. This tax applies at a standard rate of 40%. The part of your estate above the exempt threshold of £325,000 is only assessed for Inheritance
Table of Contents Which Will is right for you? Different types of will offer various levels of protection and flexibility. For example, you should obtain legal advice before having a Will written. It would help if you got legal advice as you may have inheritance tax issues or minor children or grandchildren to consider when
Table of Contents How to defend an inheritance dispute If you are an executor or beneficiary facing a challenge to a Will, we can offer you advice. Our lawyers have experience defending contested Wills and have the expertise to resolve your dispute as quickly and fairly as possible. The number of Wills disputed or
Table of Contents Why are inheritance disputes on the rise? Common causes for inheritance disputes What to do if you are left out of a Will? Depending on your relationship with the Deceased and personal circumstances. Some specific individuals are entitled to apply to the court to be included under the Inheritance
Table of Contents We all must consider “Digital Estate Planning” when writing a Will—crucially leaving login credentials as part of the Digital Estate Plan with a loved one. Many of us have several online accounts on Social Media Platforms, and to deal with these, one does need to consider digital legacy. Setting up
7 steps to creating a simple digital estate plan Read More »
Table of Contents All About Inheritance Tax Only a tiny percentage of estates are large enough to incur Inheritance Tax (IHT). But it’s important not to forget to consider it when making your will. Find out what IHT is, how to work out what you need to pay and when, and some ways to reduce
How much Inheritance Tax is on a deceased person’s estate? Read More »
Probate and Estate Administration is when you hand an individual’s estate after death, but they are defined differently and often misunderstood. ‘Probate’ is a widely used term, but there is confusion about what it means and what is included in the probate process. For example, ‘Estate administration’ is much less commonly known and referred to,
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Is life insurance considered part of an estate? Life insurance policies can deliver considerable pay-outs to the survivors of the policyholder. It is natural to wonder whether that payment is part of the deceased person’s estate and thus subject to inheritance tax and the probate process. So, is it? The answer is complicated. Sometimes, the
When someone passes away, their home will be the most valuable item left in their Estate. What happens to the property depends on how the deceased owned it and what the will state should happen (if there is one). If the deceased did not leave a will, then what happens to the house is usually
