Liam Payne made headlines recently when it came to light that he had died without making a Will. His £24.3 million fortune was left to his young son, Bear, (when he reaches the age of 18) under the rules of intestacy. The rules of intestacy are set out in the Administration of Estates Act 1925…
Commonly dubbed as Britain’s most hated tax, Inheritance Tax is only currently payable on around 4% of estates. The value of an estate above the inheritance tax threshold is charged at 40% when people die. In her Autumn Budget 2024, Rachel Reeves announced the thresholds are to be frozen until at least 2030. With the…
‘Willanthrophy’ is the act of leaving a gift to charity in your Will. The Organisation ‘Remember a Charity’ reports that approximately £4 billion is donated to charity annually through bequests in Wills. Leaving a charitable gift in your Will not only supports a cause that is close to your heart but can also reduce the…
We understand it can be a really difficult time when a loved one passes away, however there are key things that must be done. Here is a step-by-step guide on what to do when someone dies. Register the death – a medical certificate will need to be provided at your local registry to register the…
Creating a will can be an important step to take before someone passes away, but it’s important to make sure you follow the correct procedures. Here’s a step-by-step guide to help you through the process: 1. Understand what a will is: It is a legal document that outlines how a person’s assets and property will…
During the current pandemic, sadly we have received a lot of calls from people whose minds have been focused on getting their affairs in order and enquiring about making a will. This is not a bad thing and a lot of clients have taken the opportunity to leave a gift in their will to charities…
Making a will has been something more and more people have wanted to do as the worries of COVID19 have pressed heavily on their minds. Making a will is something many of us plan to do but put off for a variety of reasons and it is only at times like we find ourselves in…
Many people will have been isolating over recent months and some will be continuing to do so. It is at times like these that we realise how much we depend on others to help us out and that it’s essential to have a good network of people we can rely on. However, those we rely…
11th to 17th May 2020 is “Dying Matters” Awareness Week. The aim of this organisation is to encourage people to talk more openly about death, dying and bereavement. This is often a difficult subject to broach, but it is a natural process that we will all experience. The theme this year is “Dying to…
The Government is currently considering whether the rules on how wills should be signed can be relaxed, particularly in light of the COVID-19 situation. Currently a will is only valid if it is signed in the presence of two independent witnesses who then also sign the will in the presence of the testator. These…