H M Revenue and Customs introduced compulsory registration of all trusts in September 2022. A number of our clients had been contacted by the companies who had advised on and set up, a Family Asset Protection Trust, asking them to arrange registration of their trust. It has become apparent that many people are being advised […]
Our lives are now carried out online far more than they were even 10 years ago. E-mail accounts, Paypal accounts, Bitcoin, Etsy accounts, blogs, digital photos, media players, gaming accounts, social media accounts etc are all digital assets. However, there is no actual definition of what a digital asset is. What happens to those digital […]
When making a Will, it is also possible to add a separate letter of wishes which can expand on certain clauses within your Will. Letters of wishes act as a guide to your executors on your wishes but are not legally binding. A clause within your Will dealing with your funeral directions often simply states […]
If you have children under 18 and you are making a Will, you should consider who would look after your children if you were to die while they are still under 18. Writing a Will can give you peace of mind that your children will be cared for by whom you choose to look after […]
There are a large number of people who have been married more than once and who have children from previous marriages or relationships. It is important to understand how the law works if you die without leaving a Will in this situation. A marriage automatically revokes any existing Will unless that Will was made in […]
Lasting Powers of Attorney could be considered as a type of insurance. Hopefully they would never be needed but if they are you are in a much better position for having taken one out. A Lasting Power of Attorney can protect you and your assets if you became incapable of managing your own affairs. You […]
Historically probate court fees have been a fixed amount (currently £155 when applying through Solicitors or £215 when making a personal application) with a charge of 50p per office copy of the Grant required. The only exception to this is where an estate is valued at less than £5,000 where there is no fee payable. […]
To provide support for St. Nicholas Hospice, Admas Harrison Staff took part in “Will Week” where wills were prepared for no fee and clients were asked to make donations to the hospice. In total £2185.00 has been donated to the hospice.
It is incredibly important to make a Will to ensure that your estate passes as you intend. In England and Wales, there is a statutory set of rules which apply if you die without leaving a Will (Intestate) when your estate will be divided according to this set of rules, irrespective of your wishes. Your […]
