Category: Uncategorised

SPOTLIGHT ON: Should I update my Will

Should I update my Will? According to research only 4 in 10 adults in the UK have a Will, despite owning property or other substantial assets. Further, more than half of parents of minor children do not have a Will. If you are one of the organised few that has...
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SPOTLIGHT ON: How do my minor children receive their inheritance

How do my minor children receive their inheritance? It is difficult to imagine a scenario where you pass away before your children reach adulthood, but it is important to ensure that you have planned ahead. The law outlines that someone under the age of 18 cannot provide ‘good receipt’ for...
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SPOTLIGHT ON: Who pays for my funeral when I die

Who pays for my funeral when I die? A funeral is the legal debt of the estate and must therefore take priority above all other payments. The law dictates that when someone passes away, their assets are frozen until a Grant of Representation (or at least a death certificate –...
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SPOTLIGHT ON: What is Inheritance Tax

What is Inheritance Tax? Upon your passing, your ‘estate’ is assessed for inheritance tax. Your ‘estate’ comprises your financial assets (property, bank accounts, savings and investments etc.) minus any outstanding liabilities (including your funeral, outstanding bills and mortgage debt). Each individual person has an inheritance tax allowance (known as the...
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SPOTLIGHT ON: The Dangers of homemade Wills

The dangers of homemade Wills It’s easy to be tempted to make a Will at home, without seeking specialist legal advice – mainly because it can be cheaper and doesn’t require you to take the time out of your day to see a Solicitor. However, if a Will is not...
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