Articles relating to our probate services
Bereaved families no longer face the likelihood of an expensive bill when applying for probate, after controversial plans to raise probate fees is scrapped by the government. The proposal for increasing fees, announced last November, would have seen the current flat-fee system be replaced by a sliding scale of charges. How probate fees would...
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In today’s society it’s common for people to shop around for quick, cheap solutions to problems they may face. DIY Wills and online Will writing services offer a cheaper alternative to solicitor and professional Will writing fees – but will the quick saving pay off in the long run? Why write a Will? Making...
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New research reveals that millennials appear to be massively incorrect about when they’ll receive inheritance from their parents and how much it’ll be. Millennials are people who were born between 1981 and 1996. Charles Stanley, investment management firm, conducted the survey of around 1000 UK millennials and 1000 parents. It gives us insights into what...
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The government is proposing a draft remedial order to amend Section 1A of the Fatal Accidents Act 1976. The purpose of this is to allow cohabitees of over two years to receive statutory bereavement payment. It has been realised that current law is incompatible with the Human Rights Act 1998. Statutory Bereavement Payment This...
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Analysis of HMRC data reveals that the UK’s super-rich don’t pay anywhere near as much inheritance tax (IHT) as the less-rich. It reveals that estates worth over £10m paid an average of 10% tax to the exchequer in 2015-16 tax year. Whereas estates worth £2-3m paid about 20% tax. Neil Jones, Market Development Manager...
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Although it may seem bizarre, some devoted owners do leave money for their pets in their Will. Maddalena Proctor from Wosskow Brown’s Gleadless Office has dealt with such cases before. Karl Lagerfeld Following the sad death of fashion designer, Karl Lagerfeld, news has emerged that he decided to include his cat in his Will....
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There’s a surprisingly high number of people who’ve forgotten passwords to their savings accounts or pensions, therefore losing track of their own money. According to a recent survey, approximately seven million have cash flying around in ‘dormant accounts’ and 52% of these people blamed themselves… for forgetting the password! National Savings and Investments (NS&I)...
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