More than 12 months after the death of the iconic musician Prince, his sister and five half-siblings have been declared his legal heirs by a District Judge in Minnesota.
Startling figures have revealed the attitudes of the over 55 age group towards writing a Will. The figures indicate a widespread ignorance of the importance of writing a Will and the risks of dying intestate.
The average debt for those aged 50-59 now exceeds the average savings for the same age group, research has shown. A recent survey revealed the average amount owed by this age group totals £4,641, compared to £4,511 in savings.
The Government’s decision to change from the flat-rate probate fee to a tiered system based on the value of the estate has been scrapped following an announcement by the Ministry of Justice (MoJ).
The impending increase in probate fees were thrown into doubt earlier this week after they were branded ‘unlawful’ by the parliamentary committee on statutory instruments.
2016 will long be remembered as a year which saw a number of historically significant events take place, many of which will have long lasting implications both at home and abroad. There may also have been changes to your life which could immediately impact on the validity of your Will and any other estate planning documents that you have already created.
Recent research has shown that the cost of death is soaring, with funerals becoming more expensive than ever before. It is estimated that an average funeral now costs £4,000 and reports suggest that this is largely down to the increase in basic charges being made by local councils, which have risen by as much as 30% across the UK.
Recent research has shown that 86% of the population wants financial advice to help them prepare for their retirement, highlighting how many people do not feel confident in planning for this pivotal stage of their life.
Recent research shows that millions of Brits are relying on their inheritance to provide them with financial security, with this anticipated cash windfall often playing a key part in their retirement plans.
Today marks the beginning of ‘remember a charity week’ which is an annual awareness campaign designed to encourage more people to consider leaving a gift to charity in their Will.
As part of the ‘remember a charity’ awareness week, a report into the number of legacy donors was published, showing that 2015 was a record year for charitable Wills.
A recent announcement by the Treasury could put an end to a permanent non-dom status for tax purposes.