by Legacy Insights | Dec 29, 2020 | Uncategorized
When something is given away, but the person making the gift still retains the use of it, it is known as a gift with reservation of benefit (GROB) A GROB commonly occurs when parents give their property to their children but continue to live there. While the property...
by Legacy Insights | Dec 22, 2020 | Uncategorized
If you jointly own a property at the time of your death, your share will not necessarily pass to the other owner. We take a look at the two different types of joint ownership and what happens when one owner dies. When you buy a property with someone else, you have the...
by Legacy Insights | Dec 15, 2020 | Uncategorized
Paying for a funeral after someone’s death can be difficult if money has not been set aside for this purpose. Funeral expenses can usually be paid for from the deceased person’s estate, but it may be necessary to wait until a Grant of Probate has been issued, which...
by Legacy Insights | Dec 8, 2020 | News
Financial services firm Canada Life says that 59 per cent of adults in the UK have not made a Will. This means that some 31 million people have not chosen who to leave their estate to. Who doesn’t have a Will? The study found that 22 per cent of those without a Will...
by Legacy Insights | Dec 1, 2020 | News
The Will of a lottery millionaire has been published following his death at the end of 2019. Colin Weir and his wife Chris won £161 million in 2011. Colin, who was 71 at the time of his death, was from Largs in North Ayrshire. The prize was one of the biggest ever in...