If someone dies with only modest assets it isn’t always necessary to apply for a Grant of Probate. If someone dies with only modest assets it isn’t always necessary to apply for a Grant of Probate. It is usual for the executor of an estate to apply to the Probate Registry for an official Grant […]
Read MoreIf you’ve been left money or a share in someone’s estate, you may be wondering what liabilities you have. Do you need to pay tax on the money, and who is responsible for clearing any debts the deceased may have left? After someone dies, their personal representative is responsible for winding up the estate. It […]
Read MoreWinding up the estate of a deceased person can take many months, particularly if it is less than straightforward. Following someone’s death, it takes on average six to nine months to finalise their affairs and distribute funds to the beneficiaries. The process can be complicated and frequently takes longer than this if difficulties arise. A […]
Read MoreWhen the owner of a business dies, administering the estate can be a complex affair. A business forms part of a deceased’s estate and can be left under the terms of their Will. However, probate is far more difficult to administer when a business which is a going concern is left. In this event, the […]
Read MoreThe breakdown of a relationship is never easy. It is especially vital that you don’t forget about the long-term financial consequences when dividing marital assets and finances. When you are going through a divorce, the Court might decide that your ex-partner is entitled to a share of your pension. Particularly if: They are not as […]
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