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DIY Probate: The Hidden Risks in England’s Probate Process

When a person passes away, their estate - comprising property, money, and possessions - typically needs to be managed through a legal procedure called probate. In England and Wales, probate is the procedure by which the deceased’s will is proven in court and the executors are given authority to distribute the estate. If there is no will, a similar process applies through “letters of administration”. Although many people instruct solicitors to deal with probate, individuals can apply directly through the courts. This is often referred to as “DIY probate”. While…

Jargon busting – Wills

Legal terms are used in formal documents to ensure clarity. A will is a formal document. The terms used form a kind of shorthand to save lengthy explanations or repetition throughout the document. They are also used to avoid ambiguity to those who need to interpret the document.

Common myths about inheritance tax planning

Inheritance tax planning is a crucial aspect of financial management, yet it is often shrouded in misconceptions and myths. As the New Year begins, it's an opportune time to debunk these common misunderstandings and shed light on the realities of effective inheritance tax planning.
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