Letters of Administration are a legal document issued by a court that grants authority to an individual, known as the administrator, to manage the estate of a deceased person who did not leave a valid will. The administrator is responsible for distributing the assets of the estate among the deceased person’s heirs according to state laws governing inheritance. The administrator […]
What are letters of administration?
Inheritance Tax threshold frozen until 2028
The chancellor’s autumn statement confirmed that the current Inheritance Tax threshold will be frozen until at least April 2028. This follows a previous announcement freezing it until April 2026. The two-year extension to the lower limit means that more families will be required to pay Inheritance Tax as more estates exceed the nil rate band of £325,000. Inheritance Tax levels […]
What is probate and estate administration?
When someone has died in order to realise their assets and pay any debts you need to apply for a document that gives you the authority to act on their behalf. This is known as the grant of representation. When there is a will it will appoint executors to act and these are the people who have to apply for […]
What is intestacy?
If there is no will the estate may not be distributed as you would expect as there are strict rules that apply to determine who will inherit. What are the rules? When someone dies without a valid will there are strict inheritance laws, often referred to as the Rules of Intestacy, which apply in England and Wales. The Rules of […]
The Pros and Cons of DIY Wills
The number of British adults who have not made a Will is alarmingly high. It has been estimated that around 60% of adults have not concerned themselves with making a Will. Why not? The two main reasons seem to be cost and procrastination. Those adults who do think about making a Will are concerned about the cost of making a […]