No Children, No Allowance? Not If We Can Help It!
The Residence Nil Rate Band: At current rates, everybody has an individual initial Inheritance Tax allowance of £325,000.00 that applies against their Estate. Anything up to this amount is passed to your beneficiaries’ tax free. It doesn’t matter what assets your Estate consists of, or who you pass it to, the allowance simply applies. In […]
Bankruptcy Overseas – A Probate Solicitor’s Responsibility
By Andrew Ritson, Finders International’s Legal Support Services manager Probate solicitors will be used to dealing with beneficiaries and it is important for the estate’s personal representatives (PRs) that due diligence is carried out in all scenarios. It is the PR’s responsibility to know and check the financial status of the beneficiaries before an estate […]
The Impact Of Covid-19 On Wills, Probate & Estate Administration
Kings Court Trust’s latest blog post reviews the impact of the Coronavirus (COVID-19) pandemic on Wills, probate and estate administration. For the vast majority of us, COVID-19 has had an effect on the way we work and how we live our personal lives. Estate administration is an industry that relies on and works with several […]
Man Seeks To Overturn High Court Decision
A bitter family dispute has continued to rumble on as a man attempts to overturn a High Court’s decision regarding his mother’s Will. Last month, we reported that Susan Bond, successfully overturned her mother, Jean Clitheroe’s Will enabling her to inherit part of the £325,000 estate that was solely left to her brother John Clitheroe. […]
Larger Law Firms To Face New Economic Crime Levy
Announced in the Budget in March, larger law firms will face a levy of between £100 and £200 per every £1m of revenue, that will go towards supporting the government’s economic plan. Firms that are subject to the Money Laundering Regulations, , will have to pay the levy so that the Treasury can raise £100m […]