Wills, probate & estate: your guide to planning and inheritance law
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on wills probate & estate
What is the Inheritance Tax threshold UK?
Published on 13/12/2024, by Qredible - Reading time: 6 mins
Most UK homeowners can pass on an extra £175,000 tax-free when leaving their main residence to children or grandchildren – potentially saving £70,000 in tax. For married couples, this saving doubles to £140,000.
The dangers of free or very cheap wills!
Published on 22/10/2024, by Qredible - Reading time: 4 mins
The importance of making a will can never be understated. It is also a fallacy to believe that you do not need to make a will until you are in your senior years. Mainly if you are married and have children, making a will
Probate fund retention: How long can solicitors hold your inheritance?
Published on 15/09/2024, by Qredible - Reading time: 5 mins
When someone dies, their money and property often go through a legal process called probate. Many people wonder how long lawyers can keep this money after probate ends. This article explains why lawyers might hold onto funds, what rules they follow, and what you can do if you're waiting for your share.
How to find out which solicitor holds a Will?
Published on 09/08/2024, by Qredible - Reading time: 4 mins
Proactive engagement with your will throughout your lifetime is paramount. Regularly updating your will, informing key individuals of its location, and considering registration with national databases can significantly simplify the process for your executors and beneficiaries, ensuring your final wishes are easily accessible and honoured when the time comes.
What happens to a Will if your solicitors close down?
Published on 08/08/2024, by Qredible - Reading time: 4 mins
Whilst the legal system has safeguards in place, the security of your will ultimately relies on your proactive engagement. Regularly reviewing your will's status and maintaining open communication with your legal representatives can prevent potential complications, ensuring your final wishes remain protected regardless of changes in the legal landscape.
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