Talk Money Week: Talking to your family about your wishes for the future
Talk Money Week is designed to help us all speak about money, finances, Wills, inheritance, & Power of Attorney with our famiily. Read more.
How to deal with an estate as an executor during the coronavirus pandemic
Adjusting to the challenges caused by coronavirus has been difficult for all of us. However, for those dealing with the death of a loved one, the onerous obligations placed on executors may seem overwhelming. In recent years there has been an increase in the number of claims brought against executors by beneficiaries. Coupled with increased financial hardship as a result of the coronavirus pandemic, it is vital that executors understand their duties and obligations to avoid claims. In this article we set out what is required of executors, and how…
A quick guide to probate
Dealing with the death of a loved one is hard enough. However, there are still practical considerations to deal with, including making sure that the last wishes of the deceased are taken care of. If a person has written a Will then it will be up to the executor to make sure those wishes are carried out according to the specifications of the Will (as long as it is correctly completed in accordance with the law). To do this, an executor will need to obtain a Grant of Probate. This will let…
Applying for Probate
Dealing with death is never an easy thing to do. However, it is important to have the essentials in place from the outset to ensure that the process of obtaining probate is as smooth as possible. Probate is the process of proving a Will by the executors who are identified in the Will and more specifically, gives the people who are dealing with the estate the authority to deal with the deceased person’s assets. Obtaining probate when there is a Will is by way of Grant of Probate, also commonly…
Top FAQs from clients when making a will
Making a will is often overlooked and its importance underestimated. Regardless of the size of your estate you leave behind, a will can operate to dispose of it in accordance with your wishes. Below are a few of the most frequently asked questions from clients, answered by us, to hopefully shed some light on this often unspoken subject. I'm married with children - what happens to my estate if I don't make a will? If you have assets of less than £250,000, and die intestate (without making a will), then…