According to the latest figures, there are currently 9,254 unclaimed estates in the UK. With the average value of an estate worth around £150,000, the total amount of this unclaimed inheritance could be worth billions. Property, money, personal belongings and other assets are being left in limbo instead of being passed on to relatives or
Unclaimed estates in the UK could be worth billions Read More »
According to the latest research, the majority of over-50s don’t understand essential Inheritance Tax terminology. Furthermore, this lack of financial education could result in them passing on less than they expect. The research found that, of the over-50s surveyed: Fewer than 30% understood key Inheritance Tax terminology Only 27% were able to correctly identify that ‘nil-rate
Most over 50s don’t understand Inheritance Tax Read More »
A recent case involving a cohabiting couple has highlighted the need for a robust Will after a man died and the judge awarded his surviving partner more than he intended. There has been a rise in disputes between family members over inheritance. And a recent case has shown that a cohabiting partner might have a
Living with someone? They could be entitled to more of your estate than you think Read More »
Research from Just Group has shown that people born between the mid 1960s and early 1980s are underestimating their life expectancy by around ten years. As a result, so-called ‘Generation X’ is approaching retirement without an accurate idea of how long their savings will last after they retire. The findings show that women who are
Should You Withdraw Funds From Your Pension Before State Retirement Age? Read More »
While you might think it is easy to leave your house or flat to someone you love, bequeathing property is not always as straightforward as you would think. So, how can you ensure that your home is passed on as you would like? When someone dies and leaves behind a home, there are a few
What Happens To Your House When You Die? Read More »
One thing many people forget about when making their Will is what will happen to their digital assets once they die. But, in today’s online world, this is something we should all now consider. What is a digital legacy? Your digital legacy is all of the online information you will leave behind after you are
What Happens To Your Online Accounts When You Die? Read More »
Handling the affairs of a loved one that has passed away is about to change – and could potentially cost you more. When someone dies and they have written a Will, a loved one or friend is generally named as the executor. They are the person responsible for dealing with the estate and they have
Probate Fee Increase: Who Wins & Who Loses? Read More »
Probate is the process of sorting out an individual’s money, debts, property and possessions when they have passed away. If you’re appointed the executor of someone’s will then you’re responsible for carrying out probate. The probate process There are 4 main stages of probate Assess the total value of estate and if it’s liable for
Understanding Probate Read More »
The Dowager Countess of Lucan has left her entire fortune to a homeless charity. The wife of Lord Lucan, who vanished more than 40 years ago, was found dead at her Westminster home last year. Aged 80, she took her own life after incorrectly diagnosing herself with Parkinson’s disease. The Countess left her entire estate
Countess Leaves Fortune To Charity Read More »
Having to sell the home of a loved one, especially if it’s somewhere you have happy memories, can be poignant. Rob Phipps, Company Director of Pembroke Will Writers shares a few pointers on how to make the process less painful… The lion’s share of a person’s estate is normally their home, but at a time
Learn Selling A Probate Property Read More »