Learning how to make sense of trust disputes is essential, whether you’re facing disagreements as a beneficiary or a trustee.
5 important aspects of probate & trust administration
If you’re responsible for distributing someone’s assets when they die, there are a few aspects of probate & trust administration you’ll need to consider.
What are the duties of a will executor?
The duties of an executor of a will range from registering the death, arranging the funeral to dealing with assets and applying for probate.
What is an insolvent estate?
An insolvent estate is where there’s not enough money to pay off the deceased’s debts – and they can come with consequences.
What happens if you leave inheritance to someone on benefits?
Have you drafted a will and named a beneficiary who is on benefits? You may wonder about the implications for your beneficiary.
Do I need probate if my husband or Wife Dies?
You may not need to apply for a Grant of Probate if everything you own is held jointly with your husband or wife including your matrimonial home.
What if I can`t find any Will?
After conducting the initial search of the deceased`s property if you are unable to locate a Will what should you do Next?
Probate Fees set to rise and increasing delays in the new online service
The Government is set to increase the current Probate fee to £273 for all applicants. Their argument being that it costs more to deal with the applications at the Probate Registry than the fees currently being charged.
However, at the same time the new online application process for obtaining a Grant of Probate has seen long delays…
Wills and the Digital Assets Dilemma
There are increasing concerns amongst Probate professionals in relation to accessing digital assets when dealing with estate administration. Recent research has discovered problems surrounding property rights to such assets.
What can cause Probate delays?
How long does Probate take is a common question people ask and in reality, there is no definite answer to this as each and every deceased person`s estate is unique to them.
Finding the Deceased’s assets
Most people will have kept paperwork when they die which makes it relatively easy for the executor to locate the deceased person’s assets.
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