The Statutory Legacy Sum increase came into force on 26th July. The Government has confirmed that the fixed net sum has increased from £270,000 to £322,000.
Have you ever agreed to be appointed as an Executor in a friend or relative’s Will? If you have, you may already know what a significant responsibility this can impose; especially if the deceased person had a less than straightforward financial situation to manage and sort out.
Moving in with your partner or buying a house together, when you are not yet married needs a little extra thought before proceeding. From a legal point of view, there are a few things to consider.
The UK government has officially confirmed that probate fees in England and Wales will change in May 2017 to a banded system, where fees increase with the value of the estate, replacing the current flat fees.
Challenging a Will is not a simple process. It is extremely complex and usually very demanding in terms of both time and money. However, due to the rise in people attempting to draft their own Wills – this action is becoming more common.
In truth, it's really important for everyone to make a Will, no matter what your age. It's not only something you should contemplate doing in your 60s, 70s or 80s.
