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...
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...
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,...
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...
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...
