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 …
Property Ownership – Joint Tenants or Joint Tenants in Common?Read More
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 …
Can I Protect my Inheritance from a Divorce Settlement?Read More