Probate

If you’ve been left money or a share in someone’s estate, you may be wondering what liabilities you have. Do you need to pay tax on the money, and who is responsible for clearing any debts the deceased may have left? After someone dies, their personal representative is responsible for winding up the estate. It […]

When the owner of a business dies, administering the estate can be a complex affair. A business forms part of a deceased’s estate and can be left under the terms of their Will. However, probate is far more difficult to administer when a business which is a going concern is left. In this event, the […]

Many families will have to pay more in probate fees from April 2019. That’s according to new proposals that see a hike in the cost of applying for probate. The Government has claimed that fees are necessary to fund an effective and fair court and tribunals system. However, under the plans, some grieving relatives will […]

Inheritance tax is a tax that, if due, is payable upon a person’s death. Whether it needs to be paid depends on how much the deceased person’s estate is worth, and who is inheriting. When does inheritance tax need to be paid? If the total value of an estate is over £325,000 (nil rate band), […]

A Trust can be used to help manage your assets, to protect your legacy, and look after your loved ones. And today, while the tax advantages of a Trust have been reduced, they are becoming increasingly popular. What is a Trust? Trusts are used to hold and manage money or other assets on behalf of […]

Losing someone you love is never easy. And, for families faced with administering an estate, it can be even harder. At such times, the support of a professional can help to reduce the burden. Many people seek professional help when grieving. Not least because, the pressure of administering the financial affairs of a deceased loved […]