News

Inheritance Crisis Looms as Local Authorities Work with Heir Hunters

Inheritance Crisis Looms as Local Authorities Work with Heir Hunters

In recent years, heir hunters have emerged to reunite people with their inheritances and manage the process accordingly. However, recent research from Anglia Research showed an inheritance crisis may be looming. This is because heir hunters are working with local authorities on anti-competitive, unaccountable contracts. Anglia Research warned families face falling into long, costly legal […]

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Prince Philip’s £10m estate could be passed to Queen with Inheritance Tax exemption under married couples’ rule

Prince Philip’s £10m estate could be passed to Queen with Inheritance Tax exemption under married couples’ rule

The Queen may face an Inheritance Tax exemption on the Duke of Edinburgh’s estate if he has left his entire estate to the monarch. Married couples can pass their estate to their spouse with an Inheritance tax exemption when they die. This means they can avoid a 40% tax above a £325,000 threshold.  An obscure […]

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Trust Registration Deadline Extended

Trust Registration Deadline Extended

HM Revenue and Customs (HMRC) has stated that it will extend the Trust Registration Service (TRS) deadline as they have revealed that the service will not meet the original March 2021 deadline. The Trust registration deadline has been extended to some time in the Summer, according to a report by Today’s Wills and Probate. Last […]

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Contesting Probate Without A Will

Contesting Probate Without A Will

When someone dies, probate must be completed. Probate is the process which allows the executor to legally distribute the Estate of the deceased. The Estate includes everything that the person owned when they died, including property, money and possessions. Probate usually takes between 6 and 12 months, and usually begins when the person’s death certificate […]

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