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...]
Who Owns the Chattels in Your Estate?
The answer to who owns the chattels when you die, may not be as simple as you expect at first sight. That’s because you may own something more valuable than you believe, that your children could end up squabbling over. If you leave a will behind to resolve this, then … [Read more...]
Probate Valuation Of Hoarders House Contents In Highgate
Probate Valuation Of Hoarded House In Highgate Even a hoarded house will have house contents that need to be valued so we cant just assume because the house is cluttered and needs a serious “hoarder house clearance” the items within have no value. On the contrary more … [Read more...]
What Happens Next if Someone Dies on Holiday Abroad?
The Covid-19 coronavirus epidemic has increased the possibility of a UK resident dying abroad while on holiday. Therefore it’s become more important to know what to do if this happens. It’s bad enough having to deal with bereavement, and continue on despite deep … [Read more...]
Why You May Not Need a Solicitor to Apply for Probate
Having a friend suddenly die on you can put your mind in a spin. You have a horde of things to do ranging from calling the family doctor and arranging a death certificate, to contacting a funeral director to make arrangements. Moreover, you may find yourself in … [Read more...]
When a person dies without a will (inheritance laws)
Probate Help: When a person dies without a will (inheritance laws) effective February 1, 2009, the legacy paid to surviving spouses or civil partners increases. The limits were last increased in 1993, and was considered well delayed for review. Before 1 February 2009, … [Read more...]
HMRC Penalties For Inaccurate Probate Valuations
Always Use A Qualified Valuer For A probate House Contents Valuation Executors should be fully aware of their responsibilities and the importance of getting a professional and accurate RICS Probate Valuation, when assessing the value of the chattels and the property … [Read more...]
