What happens if a Beneficiary is Bankrupt?

What happens if a Beneficiary is Bankrupt?

What happens if a Beneficiary is Bankrupt? If you are dealing with the estate of someone who has died, you need to check whether any of the beneficiaries have been declared bankrupt. If you mistakenly distribute part of the estate to a bankrupt beneficiary, the...
Paying Inheritance Tax

Paying Inheritance Tax

Paying Inheritance Tax For those dealing with someone’s estate after their death, the Inheritance Tax bill can come as a nasty shock. It needs to be paid before a Grant of Probate or Letters of Administration are applied for, which can sometimes create difficulties....
Pension Advice

Pension Advice

Pension Advice Pensions ​78% of those retiring are failing to seek professional advice. Global investment company Abrdn have conducted a survey that found that almost four out of five people taking retirement are not seeking professional advice in respect of their...