Wills, probate & estate: your guide to planning and inheritance law
Wills, probate & estate law governs the management of an individual’s estate after their death, ensuring that their assets are distributed according to their wishes. Writing a valid will is essential to avoid disputes and provide clear instructions for loved ones. Probate refers to the legal process of administering the estate, including obtaining a grant of probate and settling debts. This cluster offers practical guides on creating a will, understanding intestacy rules, applying for probate, and resolving inheritance disputes. Whether you’re planning your estate or managing a loved one’s affairs, these resources provide clarity and support for navigating the complexities of wills and probate law in the UK.
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What is the Inheritance Tax threshold UK?
Published on 13/12/2024, by Qredible - Reading time: 6 mins
Most UK homeowners can pass on an extra £175,000 tax-free when leaving their main residence to children or grandchildren – potentially saving £70,000 in tax. For married couples, this saving doubles to £140,000.
What is an Enduring Power of Attorney (EPA)?
Published on 10/12/2024, by Qredible - Reading time: 7 mins
Yes, if your EPA was created before October 1st, 2007, it remains legally valid and usable. However, you cannot create a new EPA today. Consider supplementing your existing EPA with an LPA for broader protection.
The dangers of free or very cheap wills!
Published on 22/10/2024, by Qredible - Reading time: 4 mins
The importance of making a will can never be understated. It is also a fallacy to believe that you do not need to make a will until you are in your senior years. Mainly if you are married and have children, making a will
Probate fund retention: How long can solicitors hold your inheritance?
Published on 15/09/2024, by Qredible - Reading time: 5 mins
When someone dies, their money and property often go through a legal process called probate. Many people wonder how long lawyers can keep this money after probate ends. This article explains why lawyers might hold onto funds, what rules they follow, and what you can do if you're waiting for your share.
How to find out which solicitor holds a Will?
Published on 09/08/2024, by Qredible - Reading time: 4 mins
Proactive engagement with your will throughout your lifetime is paramount. Regularly updating your will, informing key individuals of its location, and considering registration with national databases can significantly simplify the process for your executors and beneficiaries, ensuring your final wishes are easily accessible and honoured when the time comes.
What happens to a Will if your solicitors close down?
Published on 08/08/2024, by Qredible - Reading time: 4 mins
Whilst the legal system has safeguards in place, the security of your will ultimately relies on your proactive engagement. Regularly reviewing your will's status and maintaining open communication with your legal representatives can prevent potential complications, ensuring your final wishes remain protected regardless of changes in the legal landscape.
Important questions and answers about virtual Will signing
Published on 11/02/2021, by Qredible - Reading time: 5 mins
The following questions and answers should address most of the queries you may have about signing your will during the pandemic. Making a will yourself does not alter the fact that your signature still has to be witnessed by two individuals
How are Lasting Power of Attorney and Protection Deputy Order different?
Published on 28/11/2020, by Qredible - Reading time: 3 mins
There may come the point in life where you find yourself in a compromised position – one which may require someone else to make life-changing decisions on your behalf. The reasons for this are broad.
How to Swear an Oath with a Solicitor?
Published on 28/09/2020, by Qredible - Reading time: 2 mins
The first thing to understand is what an oath is. When it comes to swearing an oath relating to a document, you are using the law to guarantee that what is contained within the document is the truth as far as you are aware.
How to make a will?
Published on 21/09/2020, by Qredible - Reading time: 3 mins
Life is unpredictable. You never know what will happen when or how your circumstances might change. As such, any adult should have an up-to-date will at all times. A will is a legal document stating where your assets should be allotted if you are ever to pass away. These assets include things like money, property, possessions, and investments.
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