Older people can be particularly susceptible to financial abuse. We take a look at the forms it can take and some of the steps that can be taken to safeguard vulnerable individuals. Financial abuse of the elderly can take many forms, from petty theft to defrauding someone of large sums of money. Older people can
What types of financial abuse affect older people? Read More »
It is often the case that more than one executor is named in a Will. We take a look at how to deal with the administration of an estate where there are multiple executors. You can appoint up to four executors when you make your Will and it is can be advisable to appoint at
Dealing with probate when there is more than one executor Read More »
The chancellor’s autumn statement confirmed that the current Inheritance Tax threshold will be frozen until at least April 2028. This follows a previous announcement freezing it until April 2026. The two-year extension to the lower limit means that more families will be required to pay Inheritance Tax as more estates exceed the nil rate band
Inheritance Tax threshold frozen until 2028 Read More »
A letter of wishes is a document that can be put in place alongside your Will to give guidance to your executors, your loved ones and your trustees, if you appoint any. It is not legally binding, but it can be very useful to let people know what you would like to happen in certain
What is a Letter of Wishes? Read More »
If you are dealing with the affairs of someone who has died, you are likely to have many questions. We answer some of the ones that are most frequently asked. Winding up an estate after a death can be complicated. Understanding the process before you start is important, so that you can decide whether you
Frequently Asked Questions: Probate Read More »
A new study carried out by Tower Street Finance has found that the value of estates likely to be left has fallen and 10% of those questioned believe they will not be able to leave anything to their loved ones. The research also found that with living costs rising, a substantial number of people are
New research reveals 1 in 10 will leave zero inheritance Read More »
Selling a property is one of the most stressful events we can go through and dealing with this after the loss of a loved one can be exceptionally difficult. We take a look at probate property sales and give you some tips to help you manage this challenging process. After someone’s death, if there is
Things to know about probate property sales Read More »
A Lasting Power of Attorney or LPA gives legal authority to a trusted family member or friend to deal with your affairs on your behalf. It can be used should you ever lose the capacity to make your own decisions. There are two types of LPA that can be made: Financial and property LPA Health
When should I make an LPA? Read More »
For property owners looking to mitigate Inheritance Tax liabilities, gifting property and leasing it back may be an option. It is vital that this is done carefully however, to ensure that the value of the property is not included in the estate valuation when the time comes. Before deciding to gift and leaseback your property,
Gift and leaseback of property: Inheritance Tax planning Read More »
If you are administering the estate of someone who has died and who held Premium Bonds, you need to know your options for dealing with them. Premium Bonds are issued by the government’s National Savings and Investments bank, which is backed by the Treasury. Holders can invest between £25 and £50,000. Instead of a regular
What happens to Premium Bonds when the holder dies? Read More »