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Grant on credit

on 05-Jun-2024 15:53:45 By | Lee Rossiter |
In certain circumstances, HMRC will allow a Personal Representative to postpone payment of all or part of the tax and interest due on delivery of an account. This is referred to as a Grant on credit.
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What is a Grant of Representation?

on 01-May-2024 11:20:00 By | Nigel Merchant |
A Grant of Representation is a legal document issued in the United Kingdom that gives the person named on it the authority to administer the estate and other assets of a deceased person. In simple terms, it is a document that proves that the person handling the deceased's assets has the legal right to do so.
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What are the duties of an Executor of a Will?

on 25-Apr-2024 15:30:00 By | Nigel Merchant |
In the UK, the Executor of a Willis 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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What happens to my debt when I die?

on 29-Feb-2024 11:07:39 By | Nigel Merchant |
The period after the death of a loved one is a difficult time; and many people prefer to avoid thinking about it in advance. There are many challenges to consider; not only the emotional difficulties, but also the administrative duties that will need to be dealt with. An example of this is when the deceased has outstanding debts upon their death. Matters such as these become even more difficult to handle when the debt is unexpected and no provisions for its repayment have been made. It is a commonly held assumption by many people that debts are written off upon the death of the borrower; however, in general, this is not true.
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What is the probate process?

on 17-Jan-2024 11:30:00 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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Can probate fees be paid from the estate?

on 01-Oct-2023 22:00:00 By | Charlotte Toogood |
When dealing with the death of a loved one, many Executors find themselves worrying about the costs of administering the estate and how fees can be paid. Acting as an Executor or Administrator is not a paid role, and it’s common to feel concerned that it may leave you out of pocket. In this blog, we’ll cover what probate is and whether probate (and other fees) can be paid out of the estate.
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When is probate required? UK financial institution thresholds

on 31-Aug-2023 09:24:00 By | Charlotte Toogood |
When someone passes away, probate may be required before their assets can be dealt with. This blog discusses what probate is, when is probate required, and what are some of the UK financial institution thresholds.
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What is a Personal Representative?

on 29-Aug-2023 12:16:30 By | Nigel Merchant |
The term Personal Representative might sound daunting, especially if you’re navigating the complex process of estate administration for the first time. A Personal Representative is responsible for the administration of a deceased person's estate; they are liable for various legal and financial tasks that ensure the smooth transition of assets to the beneficiaries.
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Update on probate delays and how to avoid a stopped application

on 25-Jul-2023 10:18:06 By | Nigel Merchant |
Bereaved families and estate administrators across England and Wales continue to face delays when applying for a Grant of Representation – the umbrella term for Grant of Probate (when there is a Will) and Letters of Administration (when there is no Will).
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