Nearly two-thirds of adults don’t have a Will with a named legal guardian for their children – this can mean that your child/children could be left with someone you wouldn’t necessarily have chosen yourself. When creating or updating a Will with a Wills Solicitor,...
On a basic level, estate planning involves reducing the value of your estate to mitigate Inheritance Tax (IHT) payable upon your death. One way of doing this is to make lifetime gifts to your children. Potentially Exempt Transfers (PETs) and the 7-Year Inheritance Tax...
Challenges in Dealing with Deceased’s Remains Who has the right to deal with my body after I die? With the news that the Law Commission is set to review the “ancient laws” over what happens with a deceased’s remains, we look at the current state of affairs in...
What is a Legacy in a Will A legacy is term used to describe a gift – that is, something which is specifically assigned to an individual and named as such in a Will. This could be a fixed sum of money or an item of personal property that you wish to see gifted...
After someone dies, it is possible for the beneficiaries of their estate to make changes to the distribution of the estate instead of following the terms of their Will or Rules of Intestacy (if there is no Will). This can be done using a Deed of Variation....
The role of being Executor to a Will is a big responsibility and requires a high duty of care in managing and protecting the deceased’s estate. But what happens when the individual named as Executor for a Will loses mental capacity themselves and can no longer fulfil...
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