by Legacy Insights | Jun 22, 2021 | Inheritance Tax, Wills
After someone’s death, their beneficiaries have the option to change the way in which the estate is distributed. This is done by executing a Deed of Variation. When somebody dies, their affairs are wound up by their personal representative, either an executor, if they...
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 | Inheritance Tax, Trusts, Wills
As the pandemic pushes the annual death rate above average, research has found that it has prompted people to make a Will. A survey entitled the UK Wills, Trusts and Probate Market Report 2020 conducted by market research consultancy IRN Research found that of those...
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...
