Can people with dementia make a Will?

When people are diagnosed with dementia, they often look to put their affairs in order and one of the things that is high on the list is making a Will.Just because someone has dementia doesn’t mean that they can’t make a Will.What matters is if the person concerned can understand what is happening and make their own decisions about the process. Do they have testamentary capacity? One of the key requirements of a valid Will is that the person making it...

Can I leave money to a charity in my Will?

If you have a favourite charity and you’d like to leave a bequest to them in your Will then the good news is that not only can you leave money to your chosen cause but it may even reduce your inheritance tax bill.Leaving money to a charity is simple and whether it is a small gift or a large bequest it can make a big difference to people’s lives in the future. How to leave a bequest to a charity For...

What is form IHT205?

 Form IHT205 is a return that is made to HMRC to inform them of the value of an estate where it is below the excepted value or where all of the assets totalling less than £1m are passed to their spouse or a charity.The form is needed where there is no inheritance tax to pay but you still need to obtain a grant of probate and is completed by the executor or administrator of the estate. When can you use...

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...