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 6, 2021 | Inheritance Tax, Probate, Trusts
When someone dies, their representative has the job of winding up their estate and finalising their affairs. If they have left a Will, then their representative is known as the executor of their Will. If there is no Will, then the job is undertaken by their...
by Legacy Insights | Mar 30, 2021 | Inheritance Tax, Probate, Trusts, Wills
As unwanted Christmas gifts languish in the corner, research reveals the huge investment power of a small pot of money given to children and invested for later life. Opinium Research on behalf of St James’s Place asked parents of under-18s how much would be spent on...
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 23, 2021 | Probate
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....
by Legacy Insights | Jan 19, 2021 | Probate, Wills
Applying for probate is not always necessary when the deceased is survived by their spouse. After someone dies, a grant of probate is often needed. This is the legal document that gives their executor the right to wind up their estate in accordance with their Will. If...
