Legacy Insights
More information about Wills, Trusts, LastingPowers of Attorney and many other ways for you to protect your Legacy.
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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...
How to keep your Will safe
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.
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...
How long does an executor have to wind up an estate?
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...
How to witness a Will during lockdown
The rules around the correct witnessing of a Will are strict. If they are not complied with, the Will is not valid and relatives and loved ones may miss out on the inheritance that was intended for them. The requirements for signing a Will are set out in the Wills Act...
Clever gifts for children for a secure future
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...