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An overview of Inheritance Tax and gifting

on 13-Feb-2024 09:56:22 By | Nigel Merchant |
When estate planning or dealing with the estate of someone who has died, you may have to handle Inheritance Tax (IHT).
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What is a Trustee in a Will?

on 26-Jan-2024 17:00:57 By | Charlotte Toogood |
When creating a Will, it’s important to consider who will be taking care of your estate upon your death. There are many roles involved in the estate administration process that may include the named Executor(s) and Trustee(s). In this blog, we will explain the role of a Trustee in a Will, how they are appointed, and the difference between Trustees, Executors, and beneficiaries.
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10 things to consider when writing your Will

on 24-Jan-2024 14:09:00 By | Nigel Merchant |
Getting around to writing your Will can be difficult. Most people don’t like to think about what will happen when they die, and it’s one of those tasks that feels easy to delay. Many people die without leaving a Will, which can cause a lot of stress for their loved ones. However, writing a Will is important, as it ensures that your wishes are honoured after death and that your estate is passed on in the manner you intended. Read more about the purpose of a Will.
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Who should be the Executor of a Will?

on 22-Jan-2024 11:48:00 By | Nigel Merchant |
Executors are people chosen and named in a Will by the Testator, who is the individual whose Will it is. The Executors of a Will are responsible for administering the estate of the Testator when they have passed away. Up to four Executors can be named in a Will, and it’s best practice to name at least two.
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What is the probate process?

on 12-Jan-2024 16:45:00 By | Nigel Merchant |
When a loved one passes away, there are many tasks that must be completed before their estate can be distributed to the beneficiaries. One of those tasks may be applying for probate; probate is not always needed, but if it’s required, it can be a confusing process that involves a lot of time and effort. This blog aims to simplify probate and explain what it is, when it’s required, and the application process.
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What is a Grant de Bonis Non?

on 22-Nov-2023 15:09:10 By | Vicki Keepen |
It is already a difficult time when a loved one passes away and their estate is being administered. However, this challenging period can be made even more difficult when the Executor or Administrator (collectively known as Personal Representatives) of the deceased’s estate also passes away during the administration process. When a chain of representation is unable to be used to allow for the administration of the estate to continue, a new application to the Probate Registry will need to be made for a Grant de Bonis Non Administratis (less formally known as a Grant de Bonis Non).
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What is a professional Executor?

on 30-Oct-2023 16:11:27 By | Nigel Merchant |
When creating your Will, you will be faced with the decision of who to name as your Executor(s). This blog will provide an overview of the role, the options available, and what to consider when appointing an Executor.
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What is a codicil?

on 17-Oct-2023 11:24:52 By | Nigel Merchant |
A codicil is a legal document that’s used to modify, add to, or revoke certain provisions of an existing Will. Instead of spending time and money writing an entirely new Will, a person can use a codicil to make minor changes or updates.
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What are the duties of an Executor of a Will?

on 01-Oct-2023 22:00:00 By | Nigel Merchant |
In the UK, the Executor of a Will is responsible for managing the estate of a deceased person, paying any debts and taxes, and distributing the remaining assets according to the terms of the Will. The specific duties of an Executor may include:
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