Advice centre
Hidden assets – Locating all of a deceased’s assets
It is the responsibility of the executor to administer the estate of the deceased and to account for any hidden assets.
Do I get paid to be the executor of a Will?
The role of executor is an unpaid position so before accepting it should be considered whether it is viable to take on the task.
When can a deceased’s property be sold?
In order to establish when a deceased’s property can be sold you must first identify how the property is owned.
What is an executor’s expense?
The executor has the legal authority to handle the deceased’s assets and apply for probate.
How do you value shares for probate?
When a person passes away their estate needs to be collected, administered, and distributed to their beneficiaries.
English Probate and Bermuda Probate
It’s a popular destination holiday destination for the British. Some, in later life, will even make the move more permanently.
Most popular pre-paid funeral plans compared
Pre-paid Funeral plans are become an increasing popular option with around 1.3 million people in the UK having one in place.
Why write a Letter of Wishes?
A letter of wishes should not be witnessed like a Will. A Will is a legally binding document whereas a letter of wishes is not.
What is a Caveat on a Will?
A caveat is a legal document that details a warning that a set of specific stipulations, conditions or limitations have been put in place.
Santander fined for failings found in its probate and bereavement process
The Financial Conduct Authority has fined Santander £32,817,800 for failing to effectively process and distribute the funds of customers who had passed away.
Can you refuse to act as executor of a Will?
It can sometimes come as a surprise to find that you have been named as the executor of a person’s Will or you may have been aware but are now unable or unwilling to act.
Protecting estate funds from cyber crime
Conveyancing, Wills and Probate has become an attractive target for a specific type of cybercriminal.
Government’s Proposal for Probate fees increase on hold
This is not the first time the government has proposed an increase in probate fees. Their initial attempt was made in 2016.
What happens to digital assets after someone’s death?
In the modern world use of the internet and electronic devices has become a staple of our daily routines.
Assets in an EU country
With free movement between EU countries, retiring abroad became popular and many UK citizens bought property in the EU.
Saving for retirement, what pensions are available?
The main benefit of a pension scheme is the tax relief, which depends on your tax bracket.
Removing an Executor, some considerations
Before removing an executor, some consideration should be given to whether they are in fact carrying out their duties.
What is the Executor’s Year?
The executor’s year is meant to give ample time for all assets and liabilities to be properly identified and to ensure everything is in order before the estate is distributed to the beneficiaries.