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...
by Legacy Insights | Aug 17, 2021 | Executor or administrator, Wills
When someone dies, the administration can seem overwhelming at what is a very difficult time. We take a look at each step to be taken. Following a death, dealing with all of the necessary paperwork is an onerous task. If a Will is left, it will appoint an executor who...
by Legacy Insights | Aug 10, 2021 | Trusts, Wills
As a nation of animal lovers, we are understandably concerned about what will happen to our pets when we are no longer around to look after them. News stories occasionally tell of animals being left huge sums of money when their owner dies, but in reality, it is not...
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 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...
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