April 2024 There are all kinds of factors to consider when you take on the task of winding up an estate. If the person who has died owned a business, you will need to take extra steps to ensure the additional legal obligations this entails have been met. We’ve previously shared advice on dealing with …
Administering the Estate of the Director of a Limited Company Read More »
March 2024 The process of winding up an estate can become particularly complicated if it encompasses assets in more than one country. This might be the case if the person who has died resided, owned property or had business interests overseas. If you’re acting as a personal representative (either as an executor or administrator) for …
Administering Cross-Border Estates: The Importance of Protecting Yourself Read More »
February 2024 Lawyer Rachel Roche believes legal innovations being delivered in Yorkshire can help change perceptions about the London-centric view of the profession. As a result of her own work, Rachel has been shortlisted in the Innovative Leaders category of The Women, Influence & Power in Law UK Awards which honour top female lawyers who …
Award winning lawyer helping Yorkshire change London-centric view of legal profession Read More »
The question of debts owed to an estate can be made even more complicated when the debt is owed by someone who has been named as a beneficiary of the estate, an executor, or even both.
A Will is only valid if it has been properly signed in the presence of witnesses. Who the witnesses were is also important. If someone who is named as a beneficiary in the Will has acted as a witness, they will no longer be able to inherit from the estate.
Winding up the estate of someone who has died is always a big responsibility. However, there are certain factors that can make this task even more complex. One of those factors is whether or not the person who has died was a business owner.
Making sure all your legal paperwork is in order is an important task. Whether you’ve never made legal documents such as a Will and/or a Lasting Power of Attorney (LPA) before, or whether you’ve previously made some that might need updating. Making an appointment to discuss a new Will or LPA, or to review existing ones, really couldn’t be easier.
There have been a number of changes in private client law this year that might affect you if you have legal plans in place for the future or if you’re currently administering an estate.
Legally binding mutual wills might seem like a good way to ensure your wishes are protected, but in practice they can be inflexible and contentious. Here’s why we don’t recommend them, along with what we often advise instead.
There are many different factors you’ll need to consider if you’re responsible for administering an estate. Some of these will be things you’re already aware of, others may not. Many people don’t realise that tax can come due on an estate during the administration process.
