Article Category: Wills & Wealth Planning – Insight & Opinion

Digital assets after death

digital assets

What happens to data on a phone or device after someone dies? Helen Gowin, Partner, reports on a new service from Apple that enables loved ones to retrieve digital assets after death. Most people have a mobile phone or device and store their information in a cloud-based service. Their digital ‘assets’ may be a wide… Read more »

Being Prepared for the Unexpected Death of a Business Owner

succession planning, unexpected death

Planning for an unexpected death of a business owner is a sobering affair and may not be at the top of the list of priorities. However, putting in place some sensible arrangements could make things run more smoothly when family and business colleagues will be focused on grieving rather than sorting out some emergency measures… Read more »

Can You Rectify a Will If a Mistake Has Been Made?

If a mistake has been made in a Will, then an application can be made to the Court to rectify a Will under the Administration of Justice Act 1982. If the Court is satisfied that the mistake has been made because of a misunderstanding of instructions or a clerical error, then the Will can be… Read more »

Why Is It Important to Consider Beneficiaries in a Will?

Signing Document

During one of my recent client meetings, I asked my client who they would like to appoint as their beneficiaries in the event of a family tragedy. Subsequently, the client called me ‘Vicky Armageddon Timothy’ as, understandably, the thought of planning for a tragedy is not a nice one and one that is often disregarded…. Read more »

Budget 2021: Impact on Your Estate

Desk with document titled inheritance tax

In the months leading up to the Budget, several rumours were circulating about the changes that would be made this year. Chancellor Rishi Sunak announced that inheritance tax and capital gains tax would remain the same, but what does this mean essentially and how does it impact making lifetime gifts and the value of your… Read more »

The Dangers of a Homemade Will

Currently, there is no requirement for people to make a Will under English law. And, in fact, a study carried out by ‘Remember a Charity’ in 2019 found that 68% of UK adults do not have a Will. If you’re one of these people, and you’re now contemplating writing a Will yourself — proceed with… Read more »

Tax Returns Deadline Extension Announced by HMRC

HMRC announces tax returns deadline extension

The HMRC have recently announced that  people required to file self-assessment tax returns will not receive a penalty if submitted late, provided that the tax return is filed online by the 28th February 2021. The deadline extension follows the realisation that many people required more time and were struggling to complete their tax returns by… Read more »

Caroline Flack: What Happens if You Die Without a Will?

Last will and testament document - what happens if you die without a Will?

Caroline Flack, TV presenter, very sadly took her own life in February 2020. Newspapers estimated that her estate was worth around £2 million but, after debts, the value was £827,000. Caroline had passed away unexpectedly without a Will having been made and therefore, by law, her estate is to be administered in accordance with the… Read more »

Making a Will: One of Your New Year Resolutions?

New Year resolutions book - is making a Will on yours?

Traditionally, the New Year brings an opportunity for people to make new resolutions to live better and be more proactive. These may involve participating in “dry January” and “veganuary”. People may also decide to quit smoking, lose weight, join a gym or simply de-clutter the house. But what about promising to make or update your… Read more »

Delays at the Probate Service

delays to the probate service

According to a Conservative MP and probate solicitor, John Stevenson, the Probate Service is now more backlogged than it was two years ago. Despite more funding and an injection of more financial and human resources, Mr Stevenson claims that the system has deteriorated. What Is Causing Delays at the Probate Service? The alleged problems have… Read more »