Legacy Insights
More information about Wills, Trusts, Lasting Powers of Attorney and many other ways for you to protect your Legacy
Tips for selling a property after someone has died
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?
With cryptocurrency becoming more widely held, it is important to understand what will happen to this type of asset after someone dies.
The drawbacks to being a private executor
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...
Saving money with a deed of variation
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...
Lasting Powers of Attorney for Business Owners
Did you know there can be costly fees for your loved ones if you die without a valid Will? While death isn't something we like to think about, we know that it is a natural part of life and can happen at any moment. We cannot anticipate our end, but we can gain control...
The difference between a Will and a Trust
Wills and Trusts can be very useful in estate planning and providing for your loved ones.
People prompted to make a Will by the Covid-19 pandemic
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...
Valuing an intestate estate
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...
What is a deputyship order?
When someone becomes unable to manage their own affairs and they have not put a Lasting Power of Attorney in place, a relative or other representative can apply for a deputyship order allowing them to act on the person’s behalf.The application is made to the Court of...
Should you appoint a professional executor or a private individual?
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...