Some estates are excepted from the need to pay Inheritance Tax. In January 2022, the rules surrounding this changed, with the aim of simplifying the Inheritance Tax process. From January 2022, it is no longer necessary to complete Inheritance Tax form 205 if an estate is exempt from Inheritance Tax. Previous regulations It used to
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The Inheritance (Provision for Family and Dependants) Act 1975 allows certain individuals to bring a claim for financial support against the estate of someone who has died. Where someone was being maintained by the deceased before their death and that person has not been left anything in the Will or they consider that they need
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Dealing with someone’s estate after their death can involve a number of different terms. Below are some of the most commonly used words and phrases to help explain the probate and administration process. Administrator – deals with the winding up of the estate of someone who died without leaving a Will. This is generally a
Probate and estate administration – a glossary of terms Read More »
Pembroke Will Writers have moved office! But don\’t worry, we\’ve not gone far. We\’ve just moved 10 doors down… You can find us now at 133 Watling Street. Everything else you know and love about Pembroke Will Writers remains the same. Same contact telephone number and email, same friendly faces, same fantastic service. Rob and
If someone dies without making a Will, they are said to be intestate. If they do not have any living relatives, then it is the law that their estate will go to the Crown. The Rules of Intestacy provide that where an individual has not left a valid Will, then on their death their estate
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The government has announced an extension of its legislation allowing individuals who are isolating to have their Will witnessed virtually. The law was originally introduced in September 2020 so that those who could not meet others during the pandemic were still able to put a Will in place. The Ministry of Justice has confirmed that
Video witnessing of Wills extended to 2024 Read More »
If you believe that a loved one’s Will is not valid for some reason, you may be entitled to raise a legal challenge. Grounds for challenging the validity of a Will There are a number of reasons why a Will might not be valid, as follows: It was not properly executed The person making the
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A recent report has found that only half of parents plan to share their estate equally between their children. The report, carried out on behalf of Netwealth and The Money Whisperer®, found that there was a lack of understanding on the part of both parents and young adults in respect of finances and what might
Unequal inheritance; more parents are deciding not to split inheritance equally Read More »
When an estate executor or administrator deals with the winding up of someone’s affairs after their death, it is their job to distribute the net estate to the beneficiaries who are entitled to inherit. Where a beneficiary cannot be located, it is important that the executor or administrator discharges their liabilities by doing all in
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After a death, it is often necessary to obtain a Grant of Probate or a Grant of Letters of Administration. This is the document that gives the deceased’s personal representatives legal authority to deal with their affairs and wind up their estate. If the deceased left a Will, it will name executors. These are the
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