Practical guidance from Simon Jenkins, Director at Curtis Legal.
Joint ownership affects inheritance tax in different ways depending on whether assets are held as joint tenants or tenants in common. This guide explains the key IHT rules.
Read more →IHT must be paid before probate is granted but estate funds are frozen without it. Our guide explains the Direct Payment Scheme, instalment option, and probate loans.
Read more →Executors risk personal liability if they pay beneficiaries before clearing debts or fail to meet tax obligations. Learn about devastavit, IHT risks, and how to protect yourself.
Read more →A lasting power of attorney comes in two types: property and financial, and health and welfare. This guide explains what each covers, the differences, and how to register.
Read more →Without an LPA, a Court of Protection deputyship is needed to manage affairs for someone who has lost mental capacity — a costly and slow process. Find out what is involved.
Read more →Starling Bank releases funds within two working days for estates under £50,000 — the fastest in the UK. Our guide covers the deceased Starling bank account process, Settld notification, and when probate is required.
Read more →Everything executors need to know about a deceased Monzo bank account: the three-tier probate threshold, how to notify Monzo without the deceased’s phone, and when probate is required.
Read more →A step-by-step guide to closing a deceased Co-operative Bank account, covering the £50,000 probate threshold, Smile and Britannia accounts, weekend bereavement support, and IHT423 payments.
Read more →The 7-year rule governs when lifetime gifts attract inheritance tax. Learn how taper relief reduces the bill on failed PETs and which gifts are immediately exempt.
Read more →A practical guide to a deceased TSB bank account, covering TSB’s £25,000 probate threshold, DocuSign electronic forms, the Farewill partnership, and how to release funds for funeral costs.
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