ARTICLES

Wills & Trusts

Although there are steps we can take (and we will have a look at those!) to ensure your Will is as water-tight as can be, here are a few of the common reasons that a Will is disputed…

 

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Helping the younger generation to get an all important foot on the property ladder may be the only option for many parents but what should we, as parents, consider before shelling out the deposit?

 

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There is an important distinction between Godparents and Guardians…no matter what we would like to think or would like to happen in an ideal world.

 

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Should anything happen to you and you have not got a Will in place…you may well be surprised who could get your hands on your Estate!

 

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Making the necessary arrangements after the death of a loved one is somewhat overwhelming and far from what we want to be doing. 

 

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Now, Martin Lewis the Money Saving Expert has been in trouble with the press recently as he has said that LPAs are more importantly than Wills. This caused huge controversy and saw the expert having to justify himself over-and-over on social media.

 

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Recent reports suggest that we (in the UK) accumulate £5.7billion in loyalty points EACH YEAR!

So, should we be including loyalty points and those details in our Wills? In short, YES!

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With so much of our lives now online, whether by choice or through companies operating primarily online, this means our digital presence is ever growing, but what happens to that when we die?

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A Letter of Wishes can give a bit more detailed explanation to your Executors and Guardians as to how you would like things to happen following your death…

 

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The way your property is held could have major implications on how you make decisions on the property…

 

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Perhaps a good place to start is actually defining what a 

cryptoasset is…

 

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Storing your Will in a secure location, and advising your Executors of this, is essential – especially after going to the effort of making a Will and getting all your wishes down!

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A little checklist of considerations and points so that you can review your own Will and ensure that it is up to date and your wishes will be carried out when needed

 

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It is important to know what your estate is, what assets form part of your estate and how your estate is valued. 

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Often, when we are taking instructions from our clients, the conversation around putting guardians in place is one of the toughest.

 

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With Christmas fast approaching and the whole family getting in the Christmas spirit, should we be worried about the gift we give attracting Inheritance Tax?

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We all know the part “til death do us part” but sometimes, and ever more commonly, marriages end in Divorce – 102,007 in 2017. Some divorces are amicable, some not so much…

 

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Being appointed as an Executor can be seen as a privilege or a curse, but worse of all is when it comes as a surprise!

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we have set out some of the milestones that making and reviewing your Will should be considered…

 

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So, let’s have a look at some of the ways you may be able to reduce your exposure to Inheritance Tax…

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It is well worth considering whether your estate is liable for Inheritance Tax.

 

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We all know the saying “Nothing in life is free” but we are all enticed by a freebie.

Sometimes these freebies end up costing us in ways we may not be aware.

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An Executor is appointed in your Will and is responsible for collecting in and protecting your estate, including any property and assets that you own, and carry out the distribution of such items in accordance with your wishes.

 

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