Archived News from 2008

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Victoria Motley - Play video

Wills, Probate, Tax & Trusts

November

Can you tell me what being the executor of a Will involves?

10/11/08

An executor is someone named in a Will to deal with sorting out a person's affairs after they have died. If more than one executor is named then they can choose whether to do the job together or for one or more of them to sort out the affairs. An executor's authority comes from the Will but it is…

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October

Do the Inheritance Tax Changes affect me?

14/10/08

In October 2007, the government announced changes to the inheritance tax rules. The new rules relate to the amount of your estate on which you do not have to pay inheritance tax (the nil rate band). The changes now allow spouses to carry forward any unused nil rate band on the first death to be used…

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September

Forbes ranks high in Legal 500

11/09/08

Leading North-West law firm Forbes Solicitors has performed strongly in the latest UK Legal 500 Guide to the Legal Profession. The firm is recommended in ten separate categories that include Corporate and Commercial, Crime, Commercial Litigation, Employment, Defendant Insurer, Commercial Property,…

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August

I have been asked to be an executor of a will, what does this entail?

27/08/08

An executor is someone named in a Will to deal with sorting out a person's affairs after they have died. If more than one executor is named then they can choose whether to do the job together or for one or more of them to sort out the affairs. An executor's authority comes from the Will but it is…

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May

Care fees planning

22/05/08

A common concern amongst people these days is what will happen to their assets if they have to go into local authority care, in particular the family home. Many are under the impression that the family home can be sold from under their feet and they will have no assets to leave to loved ones. Depending…

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March

Contested Will - Who Pays?

03/03/08

A recent case, involving the family of a man who died and left his entire fortune to the Conservative Party, illustrates one of the main exceptions, in cases involving wills, which can apply to the normal rule that 'the loser pays the costs'. Normally, the winner's legal costs are paid by the loser.…

The importance of making a Will

01/03/08

The importance of making a Will cannot be underestimated. Most people are aware of the need to make a Will but put it off because they think that it will be difficult, expensive or because they do not want to tempt fate. A Will is your opportunity to say how your assets and affairs should be dealt with…

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February

Latest Report on Inheritance Tax

13/02/08

In his Pre-Budget Report the Chancellor proposed a "transferable nil rate band" for married couples and civil partners. The "nil rate band" is the part of your chargeable estate taxed at 0% on death. In the current tax year this is the first £300,000.00. The amount of the nil rate band tends to…

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