Probate
Do your debts die with you?

Do your debts die with you?

Myth: All your debts will be written off when you die Mortgages, loans, credit cards, car finance…..whatever the debt, there’s a myth where people think their debts are written off when they die. But that’s not the case.  Any assets you had before your death,...

What is the 7-year rule?

What is the 7-year rule?

The 7-year rule only applies to liability for Inheritance Tax (IHT). If your total estate at death is valued at more than the Nil Rate Band (NRB)*, there will be Inheritance Tax (IHT) of 40% due on the remaining amount. Can you give away your money before you die?...

Who can do probate for a will?

I’m sure you heard of the recent deaths of high profile figures – Terry Wogan, Frank Finlay, David Bowie and Alan Rickman. There are also many other people who die every day, and this has a huge impact on their family and friends, even if it doesn’t make the...

What’s involved in administering an estate?

Administering an estate after someone has died is also known as dealing with Probate. If there is a Will, there will be an executor named who will be responsible for administering an estate for someone who has died. If there is no Will, or no executor, then there are...

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