Once you have thought about what you want to do with your possessions, and who you would like to leave them to, what should you do with your completed will? If your Will cannot be found by those closest to you, you may as well not have written one! Your possessions will be passed down […]
Read MoreMany people like to leave a gift to charity in their Will by way of a legacy which not only benefits the charity but also has tax benefits for the donor. When an estate is valued at greater at £325,000 or more it becomes liable for Inheritance Tax, which is charged at 40%. By leaving […]
Read MoreBy having a Will you are planning what happens to your possessions when you pass away, and ensuring that all you leave behind those where you wish. However, if your Will has been done incorrectly and does not meet legal requirements, it could fail and everything you leave behind may end up somewhere you did […]
Read MoreWhen a person passes away without a will or had a will that was considered invalid, they are considered to die ‘intestate’, If you pass away without a will, what happens to your estate will depend on the intestacy rules depending on where you live in the UK. The rules follow an order of succession […]
Read MoreThe person appointed an executor in a will has been entrusted, by the deceased, to arrange the payment of the estate’s debts and expenses as well as the distribution of the deceased’s property. The role of an executor is not an easy one, or one to be taken lightly. They will have a legal responsibility […]
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