How to stop a Grant of Probate being awarded
What is a grant of probate? A Grant of Probate is a grant obtained from the Probate Registry, providing the executors of the deceased's estate the legal power to administer the will in accordance with the deceased's wishes. Once the Grant of Probate has been issued, the
Making an Inheritance Act Claim for Reasonable Provision
To add to the stress when somebody you love dies, it can be particularly difficult to find out that their Will did not provide enough for you. This could be due to a number of things, including the size of the estate, whether it was
Why Will writing is essential
If you re based in the North East of England, particularly in the areas of Stockton-on-Tees, Middlesbrough and Teeside, you'll have undoubtedly seen adverts for Will writing. But why is it essential to write a will? When do I need a Will? We recommend that you create
What happens if an executor ignores their duties?
The Society for Trust & State Practitioners (STEP) have highlighted a recent case where an executor faces 3 months in jail for ignoring their duties and failing to act. The Court has ordered the sentence, citing that the defendant deliberately ignored a court order requiring them
Can Probate Fees be Paid From the Estate?
How much does probate cost? The cost for obtaining a Grant of Probate is £273 for all applications, except those where the estate is £5,000 or less, where there is no fee to pay. In addition to this cost, you might choose to request that a professional
The nil rate band explained
What is the nil rate band and how much is it? If you have an inheritance to pass on, you can pass on assets up to the value of the nil rate band without incurring tax. The nil rate band is currently £325,000 and it will
What inheritance tax needs to be paid when someone dies?
When someone dies, the general rule of thumb is that their estate is passed on to their chosen beneficiaries. A Will should name the beneficiaries and should also name an Executor – a person who the deceased has entrusted to ensure that their wishes are
Important change in government legislation with regards to Trusts.
There has been a change in government legislation, which may have a relevant effect for many Trusts. Previously, the government only required Trusts with tax liabilities to be registered with HMRC. However, more Trusts will now need to register via the Trust Registration Service, irrespective
What is a Property Protection Trust and how can it benefit you?
A Property Protection Trust (PPT) ensures that your estate is kept intact by protecting your share of your home or the value in it. In the case of a couple, in order to create a PPT, we would firstly change joint ownership of the property to
What to do when beneficiaries can’t be found
When someone passes away, one of the first tasks is to find all of the beneficiaries of the deceased’s estate. This is not always as straightforward as it seems. Here we look at how and why beneficiaries cannot be found and what can be done to