Probate & Estate Administration

18 Oct 2021

Setting-up a Lasting Power of Attorney

A Lasting Power of Attorney is an important document giving someone the authority to deal with your affairs, should you ever become unable to do so yourself.

06 Oct 2021

Partial Intestacy

If someone dies without leaving a Will, they are said to have died intestate. If they leave a Will but it does not deal with the whole of their estate, they are partially intestate.

29 Sep 2021

Dying without a Will – “Intestacy”

When someone dies without leaving a Will, this is known as dying “intestate”. There are strict rules governing who will inherit the estate, known as the Rules of Intestacy.

22 Sep 2021

Calculating and paying Inheritance Tax

If someone leaves a net estate worth more than £325,000, then Inheritance Tax (“IHT”) will need to be calculated and paid. The full rate of IHT is 40% on the value of your estate above the amount of any exemptions.

17 Sep 2021

Confusion over Wills and inheritance

A study by Co-op Legal Services has found that almost half of all UK citizens don’t have a Will in place. Co-op also discussed common myths with respondents, finding widespread confusion over inheritance and estate issues.

16 Sep 2021

Leaving money to charity

For many people, leaving money to a charity in their Will is a way of saying thank you for the help they or their loved ones have received during their lives.

12 Aug 2021

Inheritance Tax (IHT) Rates and Thresholds

Inheritance Tax can be significant, often amounting to tens of thousands of pounds or more, payable by someone’s estate after their death. It is a complex area, but it is often possible to legitimately reduce the amount of Inheritance Tax that will be due.

05 Aug 2021

Dealing with financial affairs after someone passes away

After someone passes away, their executor or administrator will be responsible for finalising their financial affairs.

22 Jul 2021

Can children aged under 18 inherit under a will?

Children aged under 18 lack the legal capacity to inherit a gift under a Will. This means that if they are left something in a Will, arrangements must be made to look after the asset on their behalf until they are old enough to inherit it.

14 Jul 2021

Changing the terms of a Will by making a Deed of Variation

A deed of variation can be used to change the provisions of someone’s Will after they have died. This can be used to distribute their assets in a different way in order to reduce the amount of Inheritance Tax (“IHT”) that will be payable or to make provision for someone who was not included in the Will.

07 Jul 2021

How quickly do I need to apply for probate after someone dies?

After someone passes away, their personal representative(s) will generally need to apply for a Grant of Probate or, if there isn’t a Will, a Grant of Letters of Administration.

21 Jun 2021

Probate in respect of spouse

Applying for probate is not always necessary when the deceased is survived by their spouse.

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