How to be an executor – step by step guide
How to be an executor – step by step guide Becoming an executor of a Will is a serious and legally responsible role and so in this post, we thought we’d give you a guide as the steps the executor needs to take.Being an executor doesn’t need to be complicated but you do need to be organised and following these steps will help when the time comes. When the Will is made When someone asks you to be an executor of their...
How long does probate take?
How long does probate take? One of the biggest problems with probate is that there really is no set time it should take and it all depends upon the estate in question.In this post, we’ll look at the issues surrounding probate and explain some of the things that delay probate in different circumstances. Need to write a Will? Write your’s on the Smart Will App in 10 minutes for just £19 or £29 for couples. What is probate? This is probably the area of biggest...
How can you change a Will after death?
How can you change a Will after death? You may feel that when you make a Will there should be no circumstances where it can be changed however you may be surprised to learn that it is indeed possible (and often desirable) to change a Will after a person’s death.It’s an unusual occurrence and the likelihood is lessened by making sure that you have a regular review of your Will so that it doesn’t become out of date.But sometimes things...
Your 10 step plan for making a Will
Your 10 step plan for making a Will Making a Will is often seen as a complex and confusing matter but if you are organised and know what to look for then it can be a fairly quick and easy process.In this post, we’ll give a 10 point plan to help you think about the sorts of things you need to do (and when you need to do them) to make a legal Will. Step #1 – Work out what you...
How does a letter of wishes help when making a Will?
How does a letter of wishes help when making a Will? When you make a Will you may think that you need to include everything all in the one document however that might not be the best course of action for you.A letter of wishes helps to supplement the Last Will and Testament with further instructions, literally a letter of your wishes that aren’t legally binding. Need to write a Will? Write your’s on the Smart Will App in 10 minutes for just...
Is probate needed when a spouse dies?
Is probate needed when a spouse dies? Probate is the legal authority to wind up the affairs of a deceased person and it is generally needed when there are things like bank accounts to close, investments to cash in and property to sell.You’ll often find that financial institutions will ask for proof that probate had been granted before they will allow access to any assets or information that relates to the deceased party.However, it is possible that a formal grant...
I don’t own a house – do I need a Will?
I don’t own a house – do I need a Will? The short answer is ‘yes’!There are a lot of misconceptions about the use of a Will and in this post, we’ll try and clear up what is one of the most asked questions of our advisors. What does a Will do? A Will is very simply a formal way of recording your wishes.It doesn’t necessarily help you avoid tax or probate but what it does do is let people know what...
Are children entitled to inherit from their parent’s estate?
Are children entitled to inherit from their parent’s estate? Modern families are often complicated things and one recent case to come before the court illustrates this perfectly and indeed shows why it is important to make a Will and keep it up to date.In the case of Ubbi V Ubbi, a claim was brought on behalf of two children against a gentleman’s estate where he had made a Will but not updated it in recent years and it is fair...
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