Posts tagged “Probate”

Probate fees in the UK: understanding the costs involved

Posted on 21st August 2023 at 14:57

Navigating the process of probate can be emotionally and financially challenging, especially when it comes to understanding the associated costs. Probate is the legal procedure following a person’s death.

Acting under a power of attorney – giving gifts for someone else

Posted on 1st June 2023 at 15:54

When you find yourself acting on someone’s behalf under a Lasting Power of Attorney (LPA), it is essential to understand your responsibilities and obligations. While managing someone else’s affairs, you may wonder if you can still make gifts on their behalf.

The Drawbacks of Using AI to Generate Wills

Posted on 2nd May 2023 at 11:29

The Introduction of Artificial Intelligence

As the field of artificial intelligence (AI) continues to advance, its potential applications in various industries become increasingly apparent. One area that has the potential to be significantly impacted by AI is the legal sector, particularly in the drafting of Wills and other legal documents.

Getting started as an attorney

Posted on 27th April 2023 at 10:13

Whether you’re in the process of creating a lasting power of attorney with a loved one or have been appointed as an attorney and the donor has now lost capacity, here is a guide on how to get started and ensure that you act in the donor’s best interests.

Capital Gains Tax issues on sale of probate property

Posted on 13th April 2023 at 15:41

The DWP have put me on notice of a ‘claim against the estate’. What is this, what should I do and what is the process?

Posted on 4th April 2023 at 11:41

The Department for Work and Pensions (DWP) may review the financial affairs of someone who has died if they were in receipt of means-tested benefits in their lifetime.

Mental capacity: What is it and why do I need it to prepare a Will?

Posted on 23rd March 2023 at 14:31

When ‘mental capacity’ is discussed, we are generally talking about a person’s ability to make informed decisions for themselves.

A bitesize guide to Inheritance Tax

Posted on 20th March 2023 at 09:49

Inheritance tax is a tax levied on the estate of someone who has died (i.e., property, money and possessions).

Pitfalls of Being a Personal Representative

Posted on 22nd February 2023 at 11:24

Inheritance Tax- How to mitigate your potential exposure by making use of allowances and exemptions

Posted on 22nd August 2022 at 10:54

As the cost-of-living crisis impacts on everyone more and more how do you ensure you leave the maximum amount to your family and loved ones on your death?

Don’t want your Powers of Attorney to last? Here’s what you can do…

Posted on 2nd August 2022 at 09:46

Although they are called ‘Lasting Powers of Attorney’, it is possible to change or end your powers of attorney after they are created, provided you still have the relevant mental capacity. This gives you, the donor, more power to decide who will be responsible for managing your affairs.

Inheritance and Probate Fraud: What it is and what you can do about it

Posted on 28th July 2022 at 15:49

Fraud is not a new thing, however, the digital age seems to have seen an increase in the number and types of scams. The Society of Trust and Estate Practitioners (STEP) estimates the cost of probate fraud to be in the region of £150 million.