Inheritance tax (IHT) is payable upon death or at certain stages during lifetime. For the purposes of this post, we will look at the IHT charge payable upon death which relates to the deceased’s estate. Upon death, the Executors will calculate the value of the estate including the value of any assets i.e., property or …
Should You Review your Existing Will – Devon Will Writer’s Response
Dealing with your Will once and then forgetting about it can be likened to having just one dental check-up in your entire life We recommend that you review your Will every 3-5 years. This is to make sure that your Will still serves your current wishes. We also recommend reviewing your planning when there is …
Should You Review your Existing Will – Devon Will Writer’s ResponseRead More
Devon Will Writer – Tenancy in Common Explained
If you own a property jointly with at least one other person, you may own it together as “Joint Tenants” or you may own it together as “Joint Tenants in Common”, as a leading Devon Will Writer I can help. What is the difference? Owning a property as Joint Tenants means that the co-owners are …
Deceased Estate Values
Receiving an inheritance from a deceased person’s estate can be a bittersweet experience at the best of times. Although you may have received a windfall, you have probably lost someone very dear to you. Many people are unaware that we have up to 6 months to pay any Inheritance Tax (IHT) due, and up to …
Property Ownership – Joint Tenants or Joint Tenants in Common?
What is the difference between owning a property JOINTLY with another person, and JOINTLY as TENANTS IN COMMON? If you own a property JOINTLY with another person, regardless of whether you have a Will or not, in the event of either death, the survivor inherits the deceased’s share of that property. If you own a …
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Probate Services – What do they mean?
Most of us have heard the term “Probate”, and Probate Services but how many of us know what they mean? Having a Will is only part of a larger process after you die if you own assets in your sole name. These assets include all property as well as savings and investments usually in excess …
Using a Will Writer vs The Dangers of D.I.Y.
There is a reason why most of us don’t undertake dentistry or surgery upon ourselves, or build our own houses. It would most likely be much cheaper and certainly more convenient, however I would not be very confident of a successful outcome. Likewise, you may consider not to use a professional Will Writer and that …
Can I Protect my Inheritance from a Divorce Settlement?
Provided that a divorce is not already anticipated when you inherit from a Will or under the Law of Intestacy, you can voluntarily protect your inheritance against such a future threat. The exact same opportunity also exists in relation to future care fees assessment, vulnerability due to loss of mental capacity, or any other third-party …
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TRF Wills (TRF) was created by Michael Cotterill in 2005. He is a member of the Society of Will Writers and registered with the Information Commissioner’s Office.