One of the most common questions we encounter is: “Who inherits when there is no valid will?”
When someone passes away intestate, their estate is distributed according to the rules of intestacy. These rules are a pre-defined order of who is entitled to inherit. They also cover instances of partial intestacy where a valid will does not deal with all the deceased’s estate. The priority order is as follows: 1️⃣ Married couples and […]
Will writing is still ‘neglected’ according to finance expert
The average UK household could be overlooking a ‘neglected document’ that could potentially slash inheritance tax after predictions that estates set to pay the 40 per cent tax charge is set to rise to 50,000 by 2027. GB News has reported that Andrea Rozario, ,chief corporate officer at Bower Home Finance has warned Brits that […]
British Wills and Probate Awards 2024 – Shortlist Coming Monday
The shortlist for the British Wills and Probate, sponsored by CTT Group, is being released from Monday 19th August with a handful of categories published each day exclusively on Today’s Wills and Probate, culminating in the publication of the full list on Friday 23rd August. Following a record number of entries and huge interest in […]
Kingsley Napley’s ‘Inheritance Tax Olympics’
An analysis by law firm Kingsley Napley of HMRC inheritance tax data (just released for tax year 21-22) shows the geographical dispersal of estates hit by inheritance tax bills. Kingsley Napley names the top ten regions and shows who shares the medals that no one wants to win. Based on the latest HMRC statistics of […]
Living funerals are a growing trend, and more than half of young adults would have one
New research by funeral comparison website Funeral Choice, has revealed a growing trend in people choosing to have living funerals. This is a type of ‘pre-funeral’ – sometimes referred to as a living wake – where someone’s life can be celebrated while they’re still alive. According to the survey by Funeral Choice, 71 per cent of […]
Legacy Futures and Smee & Ford form partnership to support charities through the entire legacy journey
Gifts in wills consultancy Legacy Futures and legacy insight and notifications specialists Smee & Ford announce that they have agreed a partnership. The newly formed group will offer charities the most comprehensive services to support the entire legacy journey; from notification data that alerts them to a gift in a will and expert legacy administration […]
Navigating the three stages of retirement in an unpredictable financial environment
Author – Luke Cheadle, Head of UK Operations for The Estate Registry As individuals approach retirement, they frequently hold misconceptions about the stages they will encounter during this significant phase of their lives. Retirees often assume (and no doubt hope) that retirement will be a continuous phase of leisure and relaxation. However, the reality is […]