Wills When it comes to planning for the future, creating a will is one of the most essential and responsible steps an individual can take. A will is a legal document that outlines your wishes regarding the distribution of your assets and the care of your dependents after your passing. In this guide, we’ll delve …
Can I Write My Own Will? The straightforward answer to this question is yes, you can write your own Will in England and Wales. It is not necessary for a solicitor to draft a Will, or witness it. However, this may result in you inadvertently creating a Will that is not legally valid or enforceable, …
What Is Probate and When Is It Needed? Probate is a legal document that gives authority to distribute a deceased person’s estate according to the instructions in their Will. Probate is not always needed, only in certain circumstances depending on the assets involved and their worth. This post will go through what probate is and …
Can I make a claim if I am excluded from a Will? The short answer is yes, you can make a claim if you are excluded from a Will in certain circumstances. However, you will need to bring a claim within 6 months from the date of the Grant of Probate or Letters of Administration. …
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What are the consequences of making mistakes as an executor? As an executor, you have the important task of going through a Will and gathering and distributing the assets to the relevant beneficiaries (those who benefit from the Will). With this comes great responsibility. There are a number of ways in which an executor can …
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Speak to a Solicitor SHARE Written by Ali Ebrahim October 2014 saw the biggest changes in probate law’s history come into effect. While the overhaul meant no real difference to those with minimal assets, for the partners of those who died without making a will and have more assets, it meant significant change. In cases …
Speak to a Solicitor Facebook-f Instagram Twitter Linkedin-in Youtube By Carlin Peton Here at Ackroyd Legal we understand that Inheritance tax (IHT) may be an uncomfortable subject. At present, there are three occasions upon which IHT may be charged: Upon death, where the deceased’s estate is transferred to beneficiaries via their will or the rules …
Speak to a Solicitor Facebook-f Instagram Twitter Linkedin-in Youtube By Carlin Peton 7 Situations Where You Should Consider Creating a Trust A Trust is a legal agreement between three parties. This agreement is a way of managing your assets. These could include things such as your finances, investments, land or property purchases. Trusts Involve Three …
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