by Legacy Insights | Jun 9, 2021 | Estate Planning, Trusts, Wills
Wills and Trusts can be very useful in estate planning and providing for your loved ones. A Will sets out who you want to benefit from your estate after your death. There are different types of Trust that can be set up, with some taking effect after death, but some...
by Legacy Insights | Jun 8, 2021 | Estate Planning, Probate, Wills
It is just as important to store your Will safely as it is to make it. If a Will is lost then your estate could pass in accordance with the Rules of Intestacy, which means your loved ones could miss out on their inheritance. When someone dies, their personal...
by Legacy Insights | Apr 27, 2021 | Estate Planning, Probate, Wills
When someone dies without leaving a Will, their estate is distributed according to the Rules of Intestacy (the Rules). The Rules state that the first £270,000 in the estate passes to any spouse or civil partner of the deceased. For this reason, it is important to...
by Legacy Insights | Apr 13, 2021 | Estate Planning, Wills
When you make a Will, you should appoint one or more executors to deal with the administration of your estate after your death. You can either choose a trusted relative or friend or appoint a professional. An executor is responsible for the winding-up of someone’s...
by Legacy Insights | Mar 9, 2021 | Estate Planning, Probate, Wills
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...
by Legacy Insights | Feb 16, 2021 | Estate Planning, Inheritance Tax
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...
Recent Comments