What is estate planning?

Estate planning is simply the process of putting in place measures to make sure that your assets go to the people you want them to after your death and to ensure that the people and organisations you care about are provided for and your assets are given to the people you want to benefit.You can also include methods of reducing inheritance taxes payable on death too with sensible use of one or two techniques.And for parents, practical estate planning...

What is UK inheritance tax?

Inheritance tax is a charge on the estate of a deceased person, often called colloquially ‘death duties’, they are paid on the value of the deceased’s estate.The estate can include money, personal possessions, property and anything else of value.In this post, we’ll take you through some of the main points to think about when looking at inheritance tax. If you would like to speak to a probate expert, call us free on 08001181603 Need to write a Will? Write your’s on...

Do I need probate in the UK?

A grant of probate is the formal legal permission for an executor to administer the estate of a deceased person.Theoretically, everyone needs to have permission to deal with estate matters however in practice there are some exceptions. What is probate? There are really two answers to this question and it depends upon whether the deceased left a Will or not.If they did leave a Will then the executor (who will be named in the document) needs to apply for a grant...

Can you write a Will online and get it notarized?

Can you just write a Will and get it notarized? A question that occurs to many people is whether it is possible to simply write your own Will and then get it notarized to make it legal. Given that often people feel a Will is simply an expression of your wishes it may seem that going through the time and expense of getting one professionally made is a little over the top. We thought we’d write a post to clear up the...

Grant of Probate Guide UK

To find out more about your obligations as an executor , read our guide on DIY probate. There are several ways which probate could be contested, which could prevent you from being given a grant of probate. In some cases, a beneficiary or relative of the deceased may enter a caveat, which can prevent or delay probate being granted.Only the executor(s ) of a will can apply for a Grant of Probate. It is the duty of the...

The seven most important reasons why you need a Will

The seven most important reasons why you need a WillYour Will is your opportunity to tell people formally how you want things to be handled when you pass on.This is an important document and there are some very good reasons why you should make one.These aren’t necessarily in order of importance, as everyone’s situation is different but we think these are the most compelling reasons why you need to sit down and organise your affairs as soon as you...

Inherited a car? What you should do next.

Inherited a car? What you should do next.One of the things that surprises people when someone passes on is the sheer amount of practicalities that have to be dealt with.One of the most common is what to do if you inherit a car.Hold on a moment…The executor will have to do a couple of things before you can take possession of a car.The first thing to confirm is that the vehicle is actually owned by the estate.The majority of...

Average Cost Of Making A Will

What Is The Average Cost Of Making A Will?What Is A Will? A will is a very important part of elderly life. If you die without a will, your family assets have no protection. There will be not directive to decide who gets what assets which can cause distress in an already unpleasant time. While thinking about death is often difficult or unpleasant, it's very important that you have a will when you die. Even if you consider yourself to...

Will Writing Software

Will Writing Software There are various will writing software packages out there for professional solicitors and members of the public alike. With so much choice it can be a confusing place for an individual without any legal knowledge or experience to ensure they are making a sensible decision.  Should I use a solicitor? The first thing that anyone should consider before they write a will is whether or not a solicitor is needed. Many people assume that wills can only be written...

Average Cost of a Will

A will is one of the most important documents you can have, yet many people choose not to write one. Much of the time, this is down to believing Will writing to be very expensive, when in reality, it need not be the excessive cost many of us expect!There are different average costs for writing a Will, depending on how complex your affairs are and if you choose to get a solicitor to help you write your Will or...