The Common Age to Write a Will in Our Region
Writing a will is an essential step in securing your financial legacy and ensuring that your wishes are respected after you’re gone. However, deciding when to write a will can vary greatly depending on personal circumstances, cultural norms, and even the region you live in.
Navigating Grief with Support: How the National Bereavement Service Can Help You
Grief is one of life’s most profound challenges. It can feel like a storm that leaves you overwhelmed, unsure of where to turn. Whether you’re facing the death of a loved one, supporting someone in grief, or preparing for your own or a loved one’s
DIY Will vs Professional Will Writer
Writing a will is one of the most crucial steps in securing the future of one’s estate and ensuring that loved ones are cared for according to personal wishes. In the UK, the importance of a well-structured will cannot be overstated. A will dictates how
Abatement in a Will
Abatement in wills refers to the process that occurs when the assets in a deceased person’s estate are insufficient to cover debts, expenses, and the bequests (gifts) mentioned in their will. In such cases, the gifts have to be reduced, or "abated," to settle the
Complete Estate Protection Wins Wealth Management Award for Estate Planning Specialist of the Year – Two Years Running!
In September 2024, the UK Small Business Awards 2024 were announced, and once again, small businesses from across the nation were recognised for their outstanding achievements. This prestigious event acknowledges the hard work, innovation, and entrepreneurial spirit of enterprises that contribute significantly to the UK
Understanding Inheritance Tax
When managing Inheritance Tax (IHT) is a critical issue for families in the UK, particularly with rising property values and frozen thresholds. Estates worth over £325,000 are taxed at 40%, and more estates are being caught in this tax net. For the 2022-23 tax year
Can Lasting Power of Attorney Be Used Abroad? A Guide for UK Citizens
When managing personal and financial matters becomes challenging due to age, illness, or incapacity, many UK citizens appoint someone they trust through a Lasting Power of Attorney (LPA). This legal document grants authority to a nominated individual (the attorney) to act on your behalf. But
Does a Spouse Automatically Inherit Everything in the UK with a Will?
When it comes to estate planning and inheritance laws in the UK, many people assume that a spouse will automatically inherit everything upon their partner's death. However, the reality is more complex. Understanding the nuances of inheritance laws is crucial for ensuring that your estate
Case Study: Securing the Future with Complete Estate Protection
Background John and Mary Bates, a couple in their late fifties, reside in Hartlepool. They have two adult children, Emma and James, and two young grandchildren. John recently retired from his job as an engineer, while Mary works part-time as a school administrator. With their children
The unclaimed estates list
When an individual passes away, their possessions and assets are collectively referred to as their estate. This includes everything from personal belongings and property to money and digital assets the person owned at the time of their death. In England and Wales, an estate typically passes