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Wills and Inheritance Protection

 

Should I review my Will?

Abbie Grinsell
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Yes, you should. We at Biscoes recommend you review your Will at least once a decade. The law is ever-changing and growing to fit the needs of the public. It is especially important to consider when we are on the cusp of an election and a new government...

Who is going to look after your Easter Bunny?

Tom Couch
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The pet supplies retailer, Pets at Home, has of late benefitted from positive publicity due to its policy of temporarily halting the sale and adoption of rabbits over the Easter weekend in an attempt to discourage prospective purchasers from making impulsive...

Will My Estate Pass to The King on Death?

Tom Couch
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It may seem incomprehensible to imagine your estate, an estate that you have worked your entire lifetime building, becoming the property of the King upon death. However, the purpose of this article is to explain that this is an inevitable consequence for...

The Dangers of "Cowboy" Will Writers

Tom Couch
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The Society of Trust and Estate Practitioners (STEP), a global professional body comprising lawyers, accountants, trustees, and other practitioners that help families plan for their futures, has recently published its new report on the unregulated Will...

Inheritance and Stepfamilies

Tom Couch
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A Will is the only way to make sure that your money, property, possessions, and investments (known as your estate), go to the people and causes that you care about. There are many benefits to making a Will, but perhaps the most important reason is that a...

When Is Grant of Probate Required?

Tom Couch
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The word ‘Probate’ is often used to refer to the entire process of administering a deceased’s estate. The generic name for people doing this job is ‘Personal Representatives’. There are two types: ‘Executors’ and...

What is a Power of Attorney?

Tom Couch
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A power of attorney is a legal document that allows someone to make decisions for you, or act on your behalf, if you’re no longer able to or if you no longer want to make your own decisions. The people you appoint to manage your affairs are called the...

The dangers of a poorly drafted Will

Abbie Grinsell
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It is very tempting to use just one institution for all of your estate and financial planning needs. On the face of it, it makes perfect sense to not have to instruct several different people to make sure your money is as protected as it can be and that it...

Financial Gifts and Inheritance Tax

Tom Couch
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A key part of estate planning is the transferring of wealth while you’re alive to family or beneficiaries using tax-efficient gifts or placing assets into trust. In this article, I will explore financial gifts, and how they can reduce your Inheritance...

My relative has died, what do I do?

Tom Couch
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Working out what to do when someone you love dies can be incredibly stressful and overwhelming. This guide intends to outline the main initial areas that you will need to cover from the day that your loved one passes away. Terminology Word or Phrase ...

Stamp Duty and Inherited Property

Tom Couch
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What Is Stamp Duty? Stamp Duty Land Tax (SDLT) is a tax imposed on land transactions. When Does Stamp Duty Apply? A land transaction for the purposes of SDLT is defined as the ‘acquisition of a chargeable interest’ in land within...

Making a Will

Tom Couch
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The making of a Will is a vital step for everyone. Having a Will in place protects your assets after you die and ensures they are distributed in the way you require. Not having a Will in place, that reflects your requirements, will put your assets at risk...