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Probate process can be slower if deceased does not leave a Will

Probate process can be slower if deceased does not leave a Will

by Legacy Insights | Oct 26, 2021 | Estate Planning, Probate, Wills

The probate process can be a slow one, involving the winding up of all of someone’s affairs following their death. If they did not leave a Will, the time taken can sometimes be longer, as their estate may be less organised than someone who has planned for the future...
What expenses can the Executor of a Will claim?

What expenses can the Executor of a Will claim?

by Legacy Insights | Sep 28, 2021 | Probate, Wills

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...

Business Lasting Power of Attorney and Probate

by Legacy Insights | Aug 3, 2021 | Lasting Powers of Attorney, Probate

Business owners should plan for the future with a business Lasting Power of Attorney and consideration of the probate situation in respect of their enterprise. A Lasting Power of Attorney (LPA) is a document that gives legal authority to a nominated attorney to act on...
Tips for selling a property after someone has died

Tips for selling a property after someone has died

by Legacy Insights | Jul 20, 2021 | Estate Planning, Inheritance Tax, Probate

It is often the case that after a death there is a property to sell. This can be a time-consuming and sometimes difficult task. We take a look at the steps you will need to go through.   Obtaining a Grant of Probate or Letters of Administration If the deceased...
What happens to cryptocurrency when I die?

What happens to cryptocurrency when I die?

by Legacy Insights | Jul 13, 2021 | Digital Assets, Probate, Trusts, Wills

With cryptocurrency becoming more widely held, it is important to understand what will happen to this type of asset after someone dies. Cryptocurrency is stored in a virtual wallet which is accessed using two keys. The public key is similar to an electronic address,...
The drawbacks to being a private executor

The drawbacks to being a private executor

by Legacy Insights | Jul 6, 2021 | Inheritance Tax, Probate, Wills

An executor, appointed in a Will to finalise someone’s affairs after their death, can be either a professional or a private individual. According to a survey conducted by market research consultancy IRN entitled UK Wills, Probate and Trusts Market 2020, the number of...
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