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Insights

Predicted rise in charitable gifts in Wills

Posted on 01st November 2022 in Probate & Wills

Legacy Foresight predicts the average annual income from charitable gifts in Wills in the UK will rise by 26% over the next five years. Which would increase to an average of 134,000 – 137,000 bequests per year.

Posted by

Sue Halfyard

Partner & Chartered Legal Executive

Insights

What happens if an executor ignores their duties?

Posted on 23rd September 2022 in Probate & Wills, Later Life Planning

The Society for Trust and Estate Practitioners (STEP) have recently reported a case in the England and Wales High Court (EWHC) where an executor faces jail time for ignoring their duties and failing to act.

Posted by

Sue Halfyard

Partner & Chartered Legal Executive

Insights

Statutory Wills

Posted on 27th June 2022 in Probate & Wills

A marriage can be held to be voidable under the Nullity of Marriage Act 1971 where a person enters into a marriage without the mental capacity to do so.

Posted by

Sue Halfyard

Partner & Chartered Legal Executive

Insights

What happens if you do not make a Power of Attorney?

Posted on 16th June 2022 in Probate & Wills

Are you thinking about appointing someone to help with your affairs, either now or in later life? Are you worried about what might happen if you are no longer able to deal with things yourself? It may be a relief to know that there are options available, if you do lose the capacity to manage your affairs yourself or simply feel that you need a helping hand.

Posted by

Emma McAdam

Solicitor

Insights

Two-thirds of those planning to retire this year will work part-time to keep up with the rising cost of living

Posted on 06th April 2022 in Probate & Wills, Later Life Planning

Abrdn have surveyed 2,000 of Brits and the results show that instead of retiring, many of us are considering part-time work with two-thirds (66%) planning to remain in some form of employment in 2022 compared to 56% in 2021 and 34% in 2020.

Posted by

Sue Halfyard

Partner & Chartered Legal Executive

Insights

22% of Wills made through legal advisers include charitable bequest

Posted on 06th April 2022 in Probate & Wills

It has been reported that more than 1 in 5 Wills prepared by UK legal advisers (22%) now included a donation to charity.

Posted by

Sue Halfyard

Partner & Chartered Legal Executive

Insights

Registration of Trusts with H M Revenue & Customs

Posted on 25th March 2022 in Probate & Wills, Later Life Planning

The Financial Times has reported that as many of 1 million trusts in the UK could be caught by a new requirement to register trusts with HMRC.  Failure not to register could result in the risk of fines and potentially difficulties accessing professional advice.

Posted by

Sue Halfyard

Partner & Chartered Legal Executive

Insights

Change to LPAs allows discretionary fund management

Posted on 25th March 2022 in Probate & Wills, Later Life Planning

The OPG is expected to update its LP12 guidance note to confirm that attorneys will not require specific wording in order to instruct discretionary fund managers.

Posted by

Emma McAdam

Solicitor

Insights

Estate Administration - missed assets and liabilities

Posted on 04th March 2022 in Probate & Wills, Later Life Planning

One of the main roles of a personal representative’s role is to identify all the assets and liabilities in the estate.  

Posted by

Sue Halfyard

Partner & Chartered Legal Executive

Insights

Increase in Probate Court fees

Posted on 24th January 2022 in Probate & Wills

It has been confirmed by the Ministry of Justice (MoJ) that the fee for probate applications is changing and all users of the probate service will pay a higher fee.

Posted by

Sue Halfyard

Partner & Chartered Legal Executive

Insights

Probate grants averaging nine weeks to be issued

Posted on 21st December 2021 in Probate & Wills

The latest family court statistics for England and Wales show 58,642 grants of were issued between July and September 2021, with a record number of 82% being made through the new digital application system, compared to only 46% in the same quarter in 2020.

Posted by

Gráinne Staunton

Partner & Solicitor

Insights

Beneficiary witnesses and void gifts in a Will – new rules needed to include cohabiting couples

Posted on 20th December 2021 in Probate & Wills

There are strict rules in place for witnessing Wills.  One of these rules is that if the spouse or civil partner of a beneficiary witnesses the Will then the gift to the beneficiary in the Will is void.

Posted by

Sue Halfyard

Partner & Chartered Legal Executive