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Should you appoint a professional executor or a private individual?

Should you appoint a professional executor or a private individual?

by Legacy Insights | Apr 13, 2021 | Uncategorized

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?

How long does an executor have to wind up an estate?

by Legacy Insights | Apr 6, 2021 | Uncategorized

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...
Clever gifts for children for a secure future

Clever gifts for children for a secure future

by Legacy Insights | Mar 30, 2021 | Uncategorized

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...
What happens in estate administration if an executor has died?

What happens in estate administration if an executor has died?

by Legacy Insights | Mar 9, 2021 | Uncategorized

After someone’s death, the executor named in their Will is responsible for winding up their estate. If the executor dies, either before or during the estate administration, there is a process which must be gone through to find and appoint another executor. The...
Should I make all my children attorneys on my LPA?

Should I make all my children attorneys on my LPA?

by Legacy Insights | Mar 2, 2021 | Uncategorized

Your Lasting Power of Attorney (LPA) is an important document. It gives your chosen attorney the power to deal with your affairs on your behalf, should you lose the capacity to do so yourself. But is it a good idea to appoint your children? You can make an LPA giving...
What are estate accounts?

What are estate accounts?

by Legacy Insights | Feb 23, 2021 | Uncategorized

Following someone’s death, their personal representative will wind up the estate, then prepare estate accounts. These accounts will include details of all the assets and liabilities in the estate When you make a Will, you will appoint someone to act as your executor....
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