Not Always If you are an Executor of a Will or a Representative of a deceased person (if there is no Will), you will need to establish whether a Grant of Probate is required for their estate. Usually, a Grant of Probate is required from a government department known as the “Probate Registry” if any …
Inheritance Tax and Investment Property
Investment Property is NOT Automatically Exempt from Inheritance Tax (IHT) It is widely recognised that although most ongoing active businesses are exempt from Inheritance Tax (IHT) upon the death of the owner(s) or controlling shareholder(s), businesses where the main activity relates to investment property or properties are NOT exempt from potential IHT liability. Can I …
Vulnerable Adult Beneficiaries of a Will
Beneficiaries of Wills may be vulnerable for many reasons, including but not limited to learning difficulties, illness, and addiction. How do we provide for a vulnerable (and possibly dependent) adult Beneficiary in our Will? The beneficiary’s vulnerability is not as important as their care needs, and the solution is known as a Vulnerable Person Trust. …
Beware DIY and Free Wills TRF Wills – Wolverhampton Office
TRF Wills are delighted to announce that we now have a full-time consultant covering Wolverhampton and its surrounding geographical areas. This article is an in-depth look at DIY and Free Wills from TRF Wills – Wolverhampton Do-it-Yourself (DIY) Wills If you have been considering creating your own Will, you are totally at liberty to do …
Beware DIY and Free Wills TRF Wills – Wolverhampton OfficeRead More
Enduring Power of Attorney (EPA) v Lasting Power of Attorney (LPA)
You may have an Enduring Power of Attorney (EPA) in which you have appointed people you know and trust, or a professional, to act as your attorney(s). This may be to help you manage your affairs now or limited to allow your attorneys to make decisions for you in future if you lose the mental …
Enduring Power of Attorney (EPA) v Lasting Power of Attorney (LPA)Read More
Appointing Attorneys
When creating Lasting Powers of Attorney (LPA) via a local and professional Will Writer, the people you choose to act on your behalf are called your ‘Attorneys’. You must choose at least one Attorney, but there is no maximum number. However, too many attorneys could cause problems, especially if they are appointed “Jointly” as outlined …
Free & Cheap Wills – A Myth
Do-it-Yourself Wills 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 kit from a High Street stationery shop. Any such “DIY Will” should be perfectly valid provided it meets all the …
Guardians
Who can be a Guardian? Anyone can be appointed as a Guardian in your locally produced Will if they are over the age of 18 years. Anyone who is appointed as a Guardian will have Parental Responsibility (PR) for your children and therefore can make decisions about matters including: Appointing a Guardian in your Will …
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.