Wills, Probate, Tax & Trusts FAQs

Why do I need to make a Will?

· To make sure your wishes are legally binding · To choose and appoint… Read more

What happens if I do not make a Will?

The law sets out rules if you die without a Will. For example, if the deceased is survived… Read more

How much can I leave when I die without having to pay Inheritance Tax?

The Inheritance Tax limit known as the nil rate band is currently £325,000.00. If the… Read more

I am an Executor for someone who has just died, what do I do?

As Executor, you are responsible for dealing with the deceased's estate in accordance with… Read more

If I am able to manage my affairs, why do I need to make a Lasting Power of Attorney?

A Lasting Power of Attorney is a document by which you authorise someone, for example, a… Read more

If I need to go into a nursing home, will I lose all my assets in fees?

If your assets exceed £23,250.00 you will have to pay the full cost of nursing/… Read more

Am I able to update or change my Will?

In order to change or update your Will, you could make an official modification which is called… Read more

What is Agricultural Relief?

If you own any agricultural property, you may be able to claim relief from paying Inheritance… Read more

What's the benefit of making a Trust?

By creating a Trust, the appointed Trustees are able to manage your assets on behalf of the… Read more

When is Probate / Grant required?

The term Probate refers to the legal process of dealing with a person's estate after they… Read more

I want to give my assets as a gift - what does this entail?

You may consider giving away some of your estate as a gift in order to reduce the amount of… Read more

Am I able to contest a Will?

In the unfortunate instance that you are not happy with the circumstances of a Will, you may be… Read more

Why should I use a solicitor when making my Will?

Making a Will may not be as straightforward as it might seem, which is why it is advised that… Read more

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06 Dec 2017

Wills, Probate, Tax & Trusts

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Forbes Joins Association of Member-Directed Pension Schemes

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