by Legacy Insights | Sep 28, 2021 | Uncategorized
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 | Sep 7, 2021 | Uncategorized
Insurance company NFU Mutual recently analysed HM Revenue & Customs receipts, finding that the average Inheritance Tax bill for the year 2018/19 was £199,000. The standard Inheritance Tax rate is currently 40 per cent, which can result in a substantial bill for...
by Legacy Insights | Aug 10, 2021 | Uncategorized
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 | Aug 3, 2021 | Uncategorized
Business owners should plan for the future with a business Lasting Power of Attorney and consideration of the probate situation in respect of their enterprise. A Lasting Power of Attorney (LPA) is a document that gives legal authority to a nominated attorney to act on...
by Legacy Insights | Jul 20, 2021 | Uncategorized
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...
by Legacy Insights | Jul 6, 2021 | Uncategorized
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...
