When you make a will, one of the most important decisions is choosing your executor. This is the person who will carry out your wishes after you die. Appointing the Public Trustee as the executor of a will is one option that may be worth considering. Most people … [Read more...]
How UK Inheritance Tax Works on Property
We regularly receive inquiries about how UK inheritance tax works in deceased estates, and decided it was time to post an update. The value of an entire estate is potentially subject to this tax. And this includes any gifts the deceased made during the seven years prior … [Read more...]
Closing Out the Financial Affairs of Someone Who Died
Someone has to close out a deceased estate, after a suitable period of grieving and coming to terms with what happened. That’s because the assets and bank accounts lock up, but there bills to pay and perhaps insurance pay-outs pending to cover them. If this sad task … [Read more...]
Testators Free To Leave Property To Anybody They Wish By Will
London probate valuation specialists Avery Associates explain how under English law, the testator is free to leave their property by will, to anybody he or she wishes, including leaving it all to charity. In a recent case, an elderly mother left her £500,000 property … [Read more...]
