Probate is the process of proving who is legally entitled to deal with the
estate of someone who’s died. Commonly, it also describes the process of dealing
with a deceased assets and affairs.
Probate and Administration
Technically probate only covers the situation where the deceased has a will
which appoints executors. Where there is no will, or where there is a will but
no effective appointment of executors, the process is called administration.
Administrators are appointed by the court. Exec
A trustee is a person who has legal responsibility for assets on behalf of
somebody else, called the beneficiary.
Trusts have all sorts of uses. They can be complicated they don’t have to be. In
fact even the most simple of wills might require someone to take legal
responsibility for assets on behalf of someone else. A good example of this is
where a will leaves something to a child under 18 In that case a trust is needed
to hold the assets for them until they reach 18 (or older if that’s what
One of the most important tasks involved in writing your will is to appoint
executors. These are the people who will manage and distribute your estate after
you’ve died, using the instructions you make in your will.What does an executor
Typical responsibilities can include:
* Collecting and listing all of the assets in the estate – bank accounts,
property, possessions etc.
* Valuing the estate.
* Applying for a grant of probate.
* Making sure all debts, bills, taxes (including inheri
If you have children under the age of 18 you will probably want to nominate a
guardian for them in case you and the child’s other parent were to die.
You can only appoint a guardian for your children if you have parental
responsibility for them.
You can read more about who has parental responsibility and what will happen if
there is no will in our ‘What happens to your children if you die without a
A guardian’s role and responsibilities
The role of a guardian is essentially mu
In basic terms your estate is everything you own, less anything you owe. So
that’s your property, money, investments, vehicles and possessions, less your
debts for example: money owed on loans, mortgages or to the tax man.
Most of the things you own can be dealt with in your will, the main exceptions
* Money held in joint accounts – which will automatically go to the other
* Property which is owned on a joint tenant basis – where your share of the
property will go
When creating a will to document the division of an estate or assets, the
tendency can be to look for a will writing service that is located close by.
Historically the large majority of people have visited their town center or
high street and prepared their will with a local solicitor.
In fact, the term ‘will writing services near me’ scores very high for the
number of searches in Google’s engine.
This demonstrates that for those looking to write their will there is a common
thread of seekin Read More »
You have until June 4th to write your Will
register it for free with The National Will Register
[https://www.nationalwillregister.co.uk/aboutwillregistration.aspx] using code
The National Will Register is a trusted partner of the Law Society of England
and Wales. The register is used by individuals, families, organizations,
government agencies and law firms to register their will. There are over 8
mi Read More »
There is a lot of talk around the importance of writing a will to ensure that
your money, property, and other assets are bequeathed to the family members or
children that you wish to nominate as beneficiaries of your estate.
However, did you know that there are certain types of financial assets and
property that you should not or cannot include in your will?
These types of assets are usually jointly owned or contain some sort of
instruction that dictates what happens to the property should you Read More »
If you have recently been considering making a will then you may have stumbled
across one of the many online will writing services.
While this may look like a fast, efficient way to prepare your last will and
testament, it may have left you with some unanswered questions.
Here we will take a look at the positives and negatives of using an online
service for your will preparation.
Preparing a will online saves a trip to the solicitors office and means that you
can write your Read More »
If you have documented your wishes that are to be carried out after your death
in the form of a will, you will need to review it periodically.
Having your estate and finances distributed to people of your choosing can be
handled legally by way of a will. However if your circumstances change you may
want to alter things like beneficiaries or change assets that are bequeathed to
a specific person.
Life brings about many changes and there are a number of instances where you may
need to amend your Read More »