Are you aware of some of the different ways in which your Will could be affected by a change in your circumstances, or vice versa? Have you Unknowingly Invalidated your Will? A New Property Purchase If you purchase a new property with another person, this may have implications if your locally arranged Will (see previous …
Inheritance Tax Allowances
Inheritance Tax (IHT) is payable on death or at certain stages during lifetime. For the purposes of this post, we will only look at the Inheritance Tax Allowances charge payable upon a death. Upon death, our Representatives will calculate the value of our estate, including the value of our assets i.e., property, money in bank …
Beware So-Called “DIY” and “Free” Wills
How do I Create a DIY Will? A person is at liberty to draft their own Will if they so wish, and therefore pay only for the ink and the paper required to create it, or the cost of a “DIY” Will kit from a High Street stationery shop. Any such “DIY Will” should be perfectly …
Local Devon Probate Guidance Equals a Larger Inheritance as a Result
What is Probate? Most people have heard the term “Probate”, however far fewer are aware of what it means. The following is some Probate Guidance from TRF Wills. Just because we have a Will, that does not automatically mean that after our death the people dealing with our affairs can immediately begin sharing out our …
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Local Will Writing in Devon and Wolverhampton
A Will is a legal document which confirms your requirements for how your assets should be distributed after your lifetime. It is a crucial element of your overall estate plan. Having an accurate and all-encompassing valid Will can help ensure that your assets are distributed correctly according to your wishes, avoid probate disputes, and minimise …