Probate

If someone dies with only modest assets it isn’t always necessary to apply for a Grant of Probate. It is usual for the executor of an estate to apply to the Probate Registry for an official Grant of Probate, the document allowing them to collect in and sell or transfer someone’s assets after their death.

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

When a person dies, if they owned property in their sole name this will need to be transferred to a beneficiary or sold as part of Probate. Here are some things to consider if the home needs to be sold. Applying for a Grant of Probate Probate is the legal process for dealing with the

When someone dies, the person administering the estate needs to let the beneficiaries know what they are entitled to. All too often, beneficiaries are challenging to track down. And that can have a significant impact on the probate process. Finding an identified beneficiary If you know the name of a beneficiary (for example, if they

Probate is needed when sorting out a dead person\’s affairs. However, in many cases, people aren’t sure what it is, how to get it, and if it is even necessary. Losing a loved one is a difficult time. And, for families faced with the daunting prospect of administering an estate, it can be even harder.