What is a trust?

A trust is a legal arrangement that allows you to give away assets such as shares, money and property, in a tax efficient and controlled way for the benefit of people you choose. You can create a trust during your lifetime, or create a trust by will to come into effect on your death. Trusts are a Read more [...]

What is inheritance tax?

As long ago as 1789, Benjamin Franklin wrote that, "In this world nothing can be said to be certain, except death and taxes." Unfortunately, in our modern world death and taxes can be inextricably linked, although in Britain you will not be faced with an inheritance tax demand from HMRC unless the estate Read more [...]

What does an executor do?

An executor is the person who has responsibility for dealing with a deceased person’s estate. A properly written will should name an executor who will most often be a close family member, although sometimes two executors may be named with one being a close relative and the other being a professional Read more [...]

How do you apply for probate?

When someone dies, probate has to be obtained so that the financial affairs of the deceased person’s estate can be sorted out and any inheritances can be distributed. Probate gives the executor of a will the legal authority to deal with bodies like banks, utility companies and HMRC in administering Read more [...]
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