As digital technology develops, it’s becoming more and more important for executors to understand that assets can now take very different forms than they might be used to. One of the key ways this manifests is with the issue of cryptocurrency.
It will be the executor’s responsibility to decide what should happen to any online accounts that belonged to the person who has died. Generally speaking there are four main actions
Administering an estate according to the terms of a Will (or according to the intestacy rules if there is no Will) can be a complicated and longwinded task, especially for more complex estates. Modern estates often pose…
The list of online accounts each individual has to their name is growing. From Instagram and Facebook to online banks, clothing retailers, betting websites, dating profiles and email providers, we’re all amassing huge amounts…
Most people know how important it is to make sure they have their affairs in order. A Will is an important legal document that allows you to set out what should happen to your assets in the event of your death. Your assets…
As the world changes, so does the nature of the footprint we leave on it. Many of us now spend significant parts of our lives online, whether working, socialising or unwinding. Because of this, it’s becoming more common…
A ‘next of kin’ is a traditional term which typically refers to a person’s closest relative. There’s a lot of confusion around the term as it’s generally thought to hold more legal standing than it does. Many people believe…
If you’ve been nominated as an executor in someone’s Will, it’s important to understand just how much of a responsibility it is. When someone dies, their executor’s job is to bring absolutely all of their financial…
There are a number of factors that can make administering an estate more complicated. This can be the case if the person who has died was a shareholder in a private limited company. In this post we cover what happens…
If you’re due to receive an inheritance from a loved one, you might expect to receive the sum you were promised soon after the Will has been read. Unfortunately, the process is not as simple as that. Before any…
