We wrote this article about the inescapable importance of accurate valuations, because they matter more than many people realize. Value affects how much tax we pay, what we can claim from insurance, and how fairly we share our assets upon death. Put simply, if values … [Read more...]
Chattels and Letters of Wishes
Do you remember when you last updated your will and testament, and were left confused by the legal terms the solicitor used? Your head was spinning with words like probate, laws of succession, chattels and letters of wishes. Many followers of our blog write back and … [Read more...]
Chattels For Probate What You Should Know
The word ‘chattel’ is a legal term for tangible, movable assets we can touch. It derives from the Middle English chattel, which probably came down to us from the Latin word 'capatalis'. Although there is also a counter-theory it derives from the Anglo Saxon derivative … [Read more...]
How To Apply for UK Probate
After a person passes on from this world, they may leave a multiplicity of assets behind. Here we think of property and investments, as well as furniture, jewellery, and loose gear. Some else then has to pick up the pieces and pass these things on to their heirs. But … [Read more...]
How to Value a House and Contents for Probate
A deceased estate must be valued for inheritance tax purposes before there can be any question of dividing up the assets. This article explains how to value a house, and contents because these often make up a significant part of any estate. It is worth mentioning … [Read more...]
Inheritance Tax in the United Kingdom – A Snapshot
Inheritance tax in the United Kingdom is a levy on someone who inherits from a deceased estate. The UK government deducts it from the estate itself before the proceeds can be distributed. If this is not practical, it may be willing to negotiate. A Brief History of … [Read more...]
