Removal of an Executor

By |June 2nd, 2018|Uncategorized|0 Comments

It is not often necessary or appropriate to remove an Executor but the facts of the Munter Case were interesting.
Facts of the case
The claimant and the defendant were the two children of the deceased, Mrs Edith Munter, who died on 6 May 2013, leaving a will dated 31 August 2004. By her will, the […]

Put your Insurance Policy into Trust

By |June 2nd, 2017|Uncategorized|0 Comments

If you take out an Insurance Policy that does not have a nominated beneficiary then it will fall into your estate and require Probate to release. Two enquiries this week from families who have jointly owned property and joint Bank Accounts but need Probate to release the Insurance pay out.

It is normal to try […]

Step Seminar. Estate and Trust Mediation

By |May 12th, 2017|Uncategorized|0 Comments

 

If opposing parties are liable to take a dispute to the Court in order to resolve a difference there is an Alternative Dispute Resolution method available in the form of Mediation.

This not only has a financial expediency it also allows creative solutions that might not be available to my Learned Judge.

If one side offers […]

Residential Nil Rate Band

By |April 14th, 2017|Uncategorized|0 Comments

We have added some exciting new Forms to both the free download and the detailed support pack.  IHT435 IHT 436
These forms are required if you are claiming the new Residential Nil Band or the Transferable Nill Rate Band.  This might give you an additional £200,000 free of Inheritance Tax so worth using.
You can always […]

New Probate Fees

By |March 4th, 2017|Uncategorized|0 Comments

New Probate Fees expected in May 2017

Value of Estate before Inheritance Tax
Fee

Up to £50,000 or exempt from Req for Grant
Nil

Exceeds £50,000 but does not exceed £300,000
£300.00

Exceeds £300,000 but does not exceed £500,000
£1,000.00

Exceeds £500,000 but does not exceed £1M
£4,000.00

Exceeds £1M but does not exceed £1.6M
£8,000.00

Exceeds £1.6M but does not exceed £2.0M
£12,000.00

Exceeds £2 Million
£20,000.00

Gifting and the relation to Probate

By |February 4th, 2017|Uncategorized|0 Comments

IHT 400 (the Long Form) asks “Did the deceased make any Lifetime Gifts?”

You also sign a Declaration to say “I/We understand that I/we may be liable to prosecution if I/we deliberately conceal any information that affects the liability to Inheritance Tax arising on the deceased’s death, or if I/we deliberately include information in this […]

What happens to shares on the death of a shareholder?

By |December 30th, 2016|Uncategorized|0 Comments

What happens to shares on the death of a shareholder?
On death, two, possibly competing, sets of provisions will apply, under the will or under the articles of association of the company (and possibly a separate shareholders’ agreement). The position often achieved under ‘standard articles’2 is summarised by the diagram opposite.

Terminology is important here. A […]

Dying Tidily Part 2

By |December 30th, 2016|Uncategorized|0 Comments

Make a Will

Dying Tidily

By |June 25th, 2016|Uncategorized|0 Comments

Dying Tidily  Part One
Where is everything?
Organise a up to date list of assets.  Try to record  the Name Address  Phone number and your account number of the holder of that; bank account shareholding, premium bond etc.

Your Funeral
You might be a firm believer in a Cremation or a Burial but some people have secular beliefs […]

Nearest Probate Office

By |May 30th, 2016|Uncategorized|0 Comments

Nearest Probate Office
Set out below is a list of the Probate Registry Offices in England & Wales.

You do not have to use the one nearest to you.
They are very helpful but cannot resolve family disputes for you.
Some are on top of their target times to turn a case around.
a  The […]