When a loved one passes away, their estate, including their bank accounts, is handled by a personal representative, either an executor named in the will
When a loved one passes away, their assets are revalued to the market value at the time of death, effectively wiping out any capital gains
When purchasing a property with another individual, it’s essential to decide on the type of ownership that suits your situation. You can choose between being
As homeowners in the UK, we understand the importance of protecting your family’s assets. One valuable way to do this is by understanding and utilising
Many parents and grandparents in the UK are keen to help their loved ones onto the property ladder. Gifting a property or providing financial assistance
As a homeowner in the UK, you’re likely concerned about protecting your family’s assets. One valuable strategy to consider is Gift Holdover Relief, a form
Dealing with inheritance disputes or probate conflicts can be a challenging experience for British homeowners. We understand the emotional toll it takes on families. That’s
When a loved one passes away, their assets are revalued, and the tax implications can be complex. We understand that navigating these complexities can be
As experienced professionals, we understand the complexities surrounding trust distributions in the UK. Managing distributions from discretionary trusts can be challenging, especially when it comes
Executor disputes can arise due to various reasons such as mismanagement of estate assets or disagreements among joint executors. These issues can be emotionally taxing
Dealing with the loss of a loved one is never easy, and managing their estate can be a daunting task. Executors often worry about the
Being appointed as an Executor of a loved one’s estate can be a daunting task, involving significant legal responsibilities and potential unlimited personal liability. Whether
Dealing with the estate of a loved one can be a daunting task, especially when it comes to managing the property clearance process. With over
As we navigate the complexities of estate planning, it’s essential to consider the tools that can safeguard our loved ones and protect our family’s assets.
Protecting your family’s assets is a top priority, and a settlor-interested trust can play a vital role in achieving this goal. We understand the importance
Being an executor is a significant responsibility, and it can be a thankless task. Executors are at risk of being sued by beneficiaries or would-be
Stepping down as a trustee can be a significant decision, and it’s essential to do so properly to avoid any potential complications. According to UK
Removing an executor is a complex and often contentious process. When an executor is not fulfilling their duties, it can cause significant delays and stress
When it comes to managing trusts, appointing the right trustees is crucial for ensuring the smooth administration of assets and the realisation of the trust’s
Being named as an executor of a will carries significant responsibilities, often requiring executors to incur various expenses. According to Mark Cotson from Percy Hughes
When setting up a life interest trust, it’s crucial to understand the circumstances under which it can be terminated. A life interest trust allows you
When someone dies without a valid Will in England and Wales, the laws of intestacy come into play. We understand that this can be a
When a loved one passes away, their executor plays a crucial role in carrying out their wishes as stated in their Will. However, disputes can
When a loved one passes away, the process of dealing with their estate can be challenging, especially if there are issues with the validity or
Dealing with the estate of a loved one can be a challenging experience, especially when errors are discovered in their will. In England and Wales,
When a loved one passes away, their executor plays a vital role in managing their estate according to their will. An executor is responsible for
When a person dies without leaving a will, their estate is distributed according to the ‘rules of intestacy’. This can be particularly complex for separated
When a person dies, their estate is distributed according to their will. However, in some cases, the will may not cover the entire estate, leading
When dealing with the estate of a deceased loved one, executors or personal representatives often face the challenging task of locating missing beneficiaries. In the
When a loved one passes away, navigating the complexities of their estate can be overwhelming. In cases where the deceased’s family history is unclear or
When it comes to managing a trust, understanding the fees associated with trustee services is crucial. In the UK, the general rule is that trustees
When a loved one passes away, dealing with the administrative tasks can be overwhelming. One crucial document that plays a significant role in the probate
Dealing with a loved one’s estate can be overwhelming, especially when foreign assets are involved. In England and Wales, the process of managing an estate
As a trustee, understanding your responsibilities regarding income tax is crucial for ensuring compliance and optimising tax efficiency. We will guide you through the complexities
Many families in the UK are discovering they’ve overpaid inheritance tax and can claim refunds. This often happens due to changes in asset values after
When a loved one passes away, their estate must be valued and assets distributed according to their will or the rules of intestacy, as stated
When a loved one passes away, it can be a challenging time, especially if you were financially dependent on them. The Inheritance (Provision for Family
As a homeowner in the UK, ensuring the financial security of your family is paramount. A crucial aspect of this is understanding the role and
As we navigate the complex landscape of managing trust assets, it’s crucial to understand the legal framework governing trustee duties in the UK. Trustees play
Carrying out the duties of an executor is both a privilege and a burden. Ensuring someone’s wishes are carried out after their death can be
Losing a loved one is distressing, and this can be heightened if there is a family dispute over the inheritance of a property. Inheritance disputes
As we navigate the complexities of estate administration, it’s essential to be aware of the growing concern of probate scams in the UK. Criminals are
When a loved one passes away, the distribution of their estate can sometimes lead to disputes, particularly among family members. One common issue arises when
Discovering you’ve been left out of a loved one’s will or inadequately provided for can be distressing. The Inheritance Act 1975 offers a potential remedy
Ensuring the well-being of your loved ones after you’re gone is a significant concern. Having a Will prepared is crucial as it allows you to
As a trustee, you’re responsible for ensuring that the trust’s tax obligations are met. This includes registering the trust with HMRC and filing a tax
As a charity trustee, you play a vital role in ensuring that the organisation operates effectively and in line with its founding purposes. In the
Did you know that thousands of historic properties and artefacts in the UK are preserved for the nation each year, thanks to a special tax
Did you know that nearly 40% of the UK’s wealth is expected to be passed down to the next generation in the coming decades? This
Did you know that thousands of British homeowners are exploring alternative methods to manage their wealth and secure their family’s financial future? One effective strategy
Did you know that a life insurance payout can significantly impact your estate’s inheritance tax liability if not managed correctly? In the UK, life insurance
Did you know that making gifts shortly before passing away can significantly impact the amount of inheritance tax payable on your estate? In the UK,
Did you know that over 40% of adults in the UK do not have a will, leaving the distribution of their estate to the intestate
Dealing with the financial affairs of a deceased loved one can be a daunting task. In the UK, it’s estimated that thousands of people face
Did you know that in the UK, if your partner dies without a will, and you’re not married, you may be left with nothing? This
A surprising fact: when a parent dies without a Will, their stepchildren have no automatic right to inherit under UK law, unless they’ve been formally
When a loved one passes away without a will, the process of managing their estate can become complex. In the UK, over 40% of deaths
Locating a will can be a daunting task, especially when dealing with the loss of a loved one. In the UK, it’s estimated that thousands
When a loved one passes away, their estate, including any property they owned, must be managed and distributed according to their Will or the rules
In the early 2000s, specifically during 2002/03, the Double-Trust Home Loan Scheme gained popularity as a means to mitigate inheritance tax (IHT) liabilities. However, HMRC
When planning for your financial future, deciding who will inherit your wealth can be a crucial step. In the UK, a significant number of individuals
Did you know that over 2.8 million trusts are registered in the UK, and missing the registration deadline can result in significant penalties? We understand
As of 6 October 2020, the rules surrounding trust registration in the UK underwent a significant change. Trustees of non-taxable trusts created or amended after
Did you know that a significant portion of the UK’s land is dedicated to agricultural purposes, and farmhouses are an integral part of this landscape?
Recent changes to the UK’s Inheritance Tax (IHT) system have sent shockwaves through the financial planning community, particularly for UK residents who have utilised the
It’s estimated that millions of pounds are lost annually to inheritance tax in the UK, a significant portion of which could be safeguarded with appropriate
It’s estimated that over £1 trillion is set to be passed down to future generations in the UK in the coming decades, with a significant
Did you know that gifting assets to loved ones doesn’t always mean you’re free from tax liabilities? In the UK, the Pre-Owned Asset Tax (POAT)
Thousands of individuals in the UK unknowingly fall into a tax trap each year due to a lack of understanding about the differences between Gift
Did you know that thousands of individuals in the UK lose mental capacity every year, making it essential for their loved ones to manage their
Did you know that a caveat can be lodged against an estate to prevent a grant of probate being issued? This is often used when
Did you know that nearly 60% of co-owned properties in the UK are held as joint tenants? This means that if one owner passes away,
Did you know that nearly £6 billion in Inheritance Tax is paid annually in the UK? Managing this financial burden can be a significant challenge
The UK government has proposed significant changes to pension inheritance tax rules, potentially bringing unused pension funds into the scope of Inheritance Tax (IHT) from
Nearly 1.5 million individuals in the UK are living with a disability that significantly impacts their daily lives, highlighting the importance of financial planning for
Did you know that a significant number of homeowners in the UK are unaware of the potential risks to their family home, including divorce, care
Did you know that thousands of families in the UK could be missing out on crucial tax benefits by not utilising Vulnerable Person Trusts? These
Did you know that being named as an executor of a will can be both an honour and a burden? Many people find themselves in
When a loved one passes away, dealing with their estate can be a complex and emotional task. In the UK, it’s not uncommon for disputes
When a loved one passes away, dealing with their estate can be a daunting task. Did you know that in the UK, over 500,000 people
Did you know that delaying Inheritance Tax payments can result in a significant additional cost? As of 27 August 2025, the late payment interest rate
Over £7 billion was collected in Inheritance Tax in the 2023–24 tax year, according to HMRC, underscoring the significance of this tax for many families
Did you know that thousands of vulnerable adults in the UK are at risk of financial abuse every year? The Office of the Public Guardian
Did you know that a significant number of individuals in the UK fail to consider the importance of appointing a replacement attorney when creating a
Did you know that over 3.5 million Lasting Powers of Attorney (LPAs) have been registered in the UK since their introduction? This significant figure highlights
Did you know that nearly 40% of beneficiaries are unaware of the strict time limits for varying an estate’s distribution after a loved one’s passing?
Did you know that nearly 60% of UK homeowners own their property jointly, often defaulting to a joint tenancy arrangement? While this may be suitable
When a loved one dies abroad, managing their assets in England and Wales can be challenging. A significant number of individuals hold assets across borders,
When a loved one loses mental capacity, making decisions on their behalf can become a complex and challenging task. In the UK, it’s estimated that
Did you know that nearly £5 billion in inheritance tax is lost annually in the UK due to unclaimed allowances? One such crucial allowance is
Losing mental capacity can be a devastating blow to any business owner. The sudden inability to make decisions can bring a company to a grinding
The process of registering a Lasting Power of Attorney (LPA) in the UK is taking longer than ever, with the Office of the Public Guardian
Did you know that Inheritance Tax (IHT) can significantly reduce the wealth passed to your loved ones? In the UK, a significant relief is available
Did you know that in the UK, gifts given during one’s lifetime can have significant implications for Inheritance Tax (IHT)? Understanding the differences between certain
When a loved one loses mental capacity, it can be a challenging and emotional experience for families in the UK. Understanding the legal options available
Becoming a deputy for a loved one can be a daunting task, especially when considering the financial implications. The deputyship process involves various expenses, including
Dealing with the estate of a loved one can be a daunting task, especially when navigating the complexities of inheritance tax. Did you know that
As digital assets continue to grow in popularity among UK investors, understanding their implications on estate planning is crucial. We recognise that many individuals focus
As we increasingly manage our lives online, it’s essential to consider what happens to our digital assets when we’re no longer around. Unfortunately, many of
As we navigate the complexities of estate planning, it’s crucial to consider our digital legacy, including digital music, e-books, and cloud subscriptions. In the UK,