Wills, probate & estate: your guide to planning and inheritance law
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on wills probate & estate
What is an Enduring Power of Attorney (EPA)?
Published on 10/12/2024, by Qredible - Reading time: 7 mins
Yes, if your EPA was created before October 1st, 2007, it remains legally valid and usable. However, you cannot create a new EPA today. Consider supplementing your existing EPA with an LPA for broader protection.
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.
How are Lasting Power of Attorney and Protection Deputy Order different?
Published on 28/11/2020, by Qredible - Reading time: 3 mins
There may come the point in life where you find yourself in a compromised position – one which may require someone else to make life-changing decisions on your behalf. The reasons for this are broad.
How to make a will?
Published on 21/09/2020, by Qredible - Reading time: 3 mins
Life is unpredictable. You never know what will happen when or how your circumstances might change. As such, any adult should have an up-to-date will at all times. A will is a legal document stating where your assets should be allotted if you are ever to pass away. These assets include things like money, property, possessions, and investments.
How to deal with a loved one’s finances after death?
Published on 09/09/2020, by Qredible - Reading time: 4 mins
When someone close to you passes away, it is natural for a variety of emotions to strike. Several factors can make death incredibly overwhelming. Suppose the death was unexpected. Perhaps you also find yourself as the sole proprietor of getting the deceased individual's affairs in order.
Trust Funds: Six types you need to know about!
Published on 17/08/2020, by Qredible - Reading time: 6 mins
A trust is a legally binding contract in which 'trustees' are given legal responsibility to look after assets, for example, property or land. Items such as antiques and jewellery can also be placed in a trust or otherwise known as 'chattels'.
How to avoid paying inheritance tax in the UK?
Published on 10/08/2020, by Qredible - Reading time: 7 mins
The death of a loved one comes with all sorts of stresses and emotions. For many people, the last thing they want to do is deal with wills and estates. Nevertheless, without taking the appropriate steps, inheritance tax could end up costing you hundreds of thousands of pounds. So, all matters relating to it must be dealt with efficiently and promptly.
Can you afford not to have Lasting Powers of Attorney in place?
Published on 07/04/2020, by Qredible | Reviewed by EMD Law - Reading time: 1 mins
Have you noticed that someone close to you is starting to suffer from ill-health or is becoming more forgetful about things?
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