Key risks and pitfalls in managing US assets in UK estates
By Anthony Allsopp, Head of Business at Title Research Recently, we have provided several articles that address the various nuances surrounding US assets held in UK estates: Are US assets held in UK estates on the rise? Application of the US/UK tax treaty when dealing with high-value US assets The risk of escheatment This article […]
Understanding intestacy and probate genealogy: Common myths explained
Navigating the complexities of genealogical research and intestacy can be challenging, with many common misconceptions about the laws, processes, and costs involved. In this blog, we debunk some widespread myths surrounding intestacy and probate genealogy, helping you understand the facts. Misconceptions about intestacy 1. Adoption and Fostering Are Treated Equally in Intestacy One frequent misconception […]
A guide to resealed Grants: Foreign probate in England and Wales
When a person who is domiciled in a foreign country passes away, and holds assets in England and Wales, a Grant of Representation may be required to administer their estate. However, if a Grant has already been obtained in a foreign jurisdiction, there is a process known as resealing the Grant. This allows the foreign […]
Understanding Abatement in Wills
When a Testator creates a Will, whether through a professional Will Writer or by preparing it themselves, they carefully decide on the gifts they wish to leave to their loved ones. However, if an abatement occurs, these gifts may not be fully distributed as intended. Instead, they might need to be used to pay off […]
