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What happens in estate administration if an executor has died?

What happens in estate administration if an executor has died?

by Legacy Insights | Mar 9, 2021 | Uncategorized

After someone’s death, the executor named in their Will is responsible for winding up their estate. If the executor dies, either before or during the estate administration, there is a process which must be gone through to find and appoint another executor. The...
Should I make all my children attorneys on my LPA?

Should I make all my children attorneys on my LPA?

by Legacy Insights | Mar 2, 2021 | Uncategorized

Your Lasting Power of Attorney (LPA) is an important document. It gives your chosen attorney the power to deal with your affairs on your behalf, should you lose the capacity to do so yourself. But is it a good idea to appoint your children? You can make an LPA giving...
What are estate accounts?

What are estate accounts?

by Legacy Insights | Feb 23, 2021 | Uncategorized

Following someone’s death, their personal representative will wind up the estate, then prepare estate accounts. These accounts will include details of all the assets and liabilities in the estate When you make a Will, you will appoint someone to act as your executor....
Be Sure to Make the Most of the UK Residential Nil Rate Band

Be Sure to Make the Most of the UK Residential Nil Rate Band

by Legacy Insights | Feb 16, 2021 | Uncategorized

Time to start thinking ahead. The UK residential nil rate band (RNRB) is due to update this year. So, what might this mean for you? Let’s take a look at the main criteria of the RNRB and how it works in practice as well as the main conditions. What is the UK...
Making a Lasting Power of Attorney for your business

Making a Lasting Power of Attorney for your business

by Legacy Insights | Feb 9, 2021 | Uncategorized

Lasting Powers of Attorney offer huge benefits to individuals, but their advantages are often forgotten when it comes to businesses. A Lasting Power of Attorney (LPA) allows someone to appoint a trusted representative to act on their behalf once they lose the capacity...
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