by Legacy Insights | Dec 29, 2020 | Uncategorized
When something is given away, but the person making the gift still retains the use of it, it is known as a gift with reservation of benefit (GROB) A GROB commonly occurs when parents give their property to their children but continue to live there. While the property...
by Legacy Insights | Dec 22, 2020 | Uncategorized
If you jointly own a property at the time of your death, your share will not necessarily pass to the other owner. We take a look at the two different types of joint ownership and what happens when one owner dies. When you buy a property with someone else, you have the...
by Legacy Insights | Dec 15, 2020 | Uncategorized
Paying for a funeral after someone’s death can be difficult if money has not been set aside for this purpose. Funeral expenses can usually be paid for from the deceased person’s estate, but it may be necessary to wait until a Grant of Probate has been issued, which...
by Legacy Insights | Sep 25, 2020 | Uncategorized
For many, having a basic Will is no longer enough to achieve your long-term wishes for your loved ones. This is where trusts can be a great way of arranging your affairs. Trusts allow your loved ones to benefit from your assets without being the legal owner. You set...
by Legacy Insights | Sep 24, 2020 | Uncategorized
When you are running your own business you are the central cog in the machine. It is very rewarding (if sometimes challenging) and you have the immense satisfaction of ‘doing your own thing’ and seeing your own efforts reap rewards. It comes with its own...
by Legacy Insights | Sep 17, 2020 | Uncategorized
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...
