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....
Personal Risks in Being an Executor

Personal Risks in Being an Executor

Personal Risks in Being an Executor The executor to an estate has the job of winding up someone’s affairs after their death. It is a job that involves both responsibility and personal financial risk. After someone has died, their executor, named in their Will, has the...
What to do if an Executor is not taking steps to administer an estate

What to do if an Executor is not taking steps to administer an estate

What to do if an Executor is not taking steps to administer an estate After a death, the estate’s executor or administrator has the job of winding up the deceased’s affairs. We take a look at what happens if they fail to carry out their role. The task of administering...
Paying Inheritance Tax

Should I transfer my house to my children to avoid Inheritance Tax?

Should I transfer my house to my children to avoid Inheritance Tax? After your death, it is likely you will want to pass on your home to your children, however, with the rise in property prices and an inheritance tax rate of 40% on everything over the nil rate bands...
What Is a Protective Property Trust And Why Do I Need One?

What Is a Protective Property Trust And Why Do I Need One?

What Is a Protective Property Trust And Why Do I Need One?Aug 16, 2021 | Estate Planning A Protective Property Trust (PPT) is a legal addition that is included within your Will. The trust ensures that your estate, namely your family home, will be safe and will be...
How Much Inheritance Tax Do I Need To Pay?

How Much Inheritance Tax Do I Need To Pay?

How Much Inheritance Tax Do I Need To Pay?Aug 7, 2021 | Estate Planning When a person dies and someone else inherits their estate, a tax needs to be paid on the estate, known as inheritance tax. If you are planning to Will, then you must know how much inheritance tax...
Why Do I Need a Lasting Power of Attorney?

Why Do I Need a Lasting Power of Attorney?

Why Do I Need a Lasting Power of Attorney? If you are unable to make decisions for yourself in the future, perhaps because you have dementia or suffered a health condition such as stroke, a loved one may need to provide care for you. That could include managing your...
What happens if I don’t make a Lasting Power of Attorney?

What happens if I don’t make a Lasting Power of Attorney?

What happens if I don’t make a Lasting Power of Attorney? We all hope that we will keep our current mental capacity for as long as possible; however, one fact about getting older is that our mental capacity goes into decline over time, which means that we can...
The Dangers of DIY Wills

The Dangers of DIY Wills

The Dangers of DIY Wills Writing your own last will and testament might seem like a good idea. After all, how difficult could it be? You’re just saying where you want your property to go when you die. But that’s only one important thing your will should...
What Happens To Your Pet After You Die?

What Happens To Your Pet After You Die?

What Happens To Your Pet After You Die? It really is something we give very little thought to: when we die, who will look after our beloved pets? We always expect and hope that we will outlive our dogs, cats, parrots or hamsters; and more often than not we do. ...
Confused by all your Will Writing options?

Confused by all your Will Writing options?

Confused by all your Will Writing options? With so many different options available for making your Will it can be confusing to know which one is best. Take a look below to find out more about each of the options. 1. DIY will pack – these are sold in high street...