by Legacy Insights | Oct 5, 2021 | Legacy Planning
When a couple has children and one of the couple dies leaving everything to their spouse, there is a risk that ultimately the children may receive nothing. The couple may intend to give their estate to each other, and then, on the death of the second to die, have...
by Legacy Insights | Sep 28, 2021 | Uncategorized
The person named in a Will as the executor is responsible for the winding up of the estate when someone dies. The role can be onerous and time-consuming as well as involve numerous expenses. Dealing with the administration of an estate can be complex. An executor...
by Legacy Insights | Sep 14, 2021 | Executor or administrator
The job of the executor or administrator of an estate includes distributing assets to the beneficiaries. When a beneficiary cannot be found, it can cause complications. After someone dies, their estate will be wound up by their personal representative. If they have...
by Legacy Insights | Sep 7, 2021 | Uncategorized
Insurance company NFU Mutual recently analysed HM Revenue & Customs receipts, finding that the average Inheritance Tax bill for the year 2018/19 was £199,000. The standard Inheritance Tax rate is currently 40 per cent, which can result in a substantial bill for...
by Legacy Insights | Aug 17, 2021 | Executor or administrator
When someone dies, the administration can seem overwhelming at what is a very difficult time. We take a look at each step to be taken. Following a death, dealing with all of the necessary paperwork is an onerous task. If a Will is left, it will appoint an executor who...
