Probate

After someone dies, their personal representative will generally need to apply for a Grant of Probate or, if they did not leave a Will, a Grant of Letters of Representation. This is the legal authority that will enable them to wind up the deceased’s estate.   There is not any legal timeframe for applying for […]

With cryptocurrency becoming more widely held, it is important to understand what will happen to this type of asset after someone dies.   Cryptocurrency is stored in a virtual wallet which is accessed using two keys. The public key is similar to an electronic address, while the private key or passcode allows the holder of […]

The probate process can be a slow one, involving the winding up of all of someone’s affairs following their death. If they did not leave a Will, the time taken can sometimes be longer, as their estate may be less organised than someone who has planned for the future and there could be difficulties in […]

Business owners should plan for the future with a business Lasting Power of Attorney and consideration of the probate situation in respect of their enterprise.   A Lasting Power of Attorney (LPA) is a document that gives legal authority to a nominated attorney to act on your behalf, should you ever be unable to manage […]

Insurance company NFU Mutual recently analysed HM Revenue & Customs receipts, finding that the average Inheritance Tax bill for the year 2018/19 was £199,000.   The standard Inheritance Tax rate is currently 40 per cent, which can result in a substantial bill for many estates. By taking tax planning action in advance, it is possible […]

When someone dies, the administration can seem overwhelming at what is a very difficult time. We take a look at each step to be taken.   Following a death, dealing with all of the necessary paperwork is an onerous task. If a Will is left, it will appoint an executor who will be responsible for […]