Time to make a Will?
In these strange and uncertain times we are all considering how we can protect ourselves and keep our families safe. Some of us have been self-isolating, and we should all be exercising social distancing. But what else could we be doing to safeguard our families? Is it time to make a Will? Only one in […]
TRUSTEES- What are they and what do they do?
Trustees are appointed in Trusts created during lifetime or those created following a death. The Trust and Trustees are the legal owners of the trust property but hold it for the beneficiaries of the Trust. Trustees are needed if a beneficiary is under the age of 18. In these circumstances the Trustee will be responsible […]
Incapacitated Trustees
Significant problems can arise in relation to the management and administration of trusts when a trustee becomes mentally incapable. The trust will be paralysed until the trustee has been removed and nothing can be done on the trust during this time. Trustee incapacity causes problems for the trust administration, the switching of investments, distributions to […]
Great news – the proposed probate fee increase has been scrapped
The government has announced that the proposed increase in probate fees has been scrapped. The increase proposed under the government of former Prime Minister Theresa May, would have charged probate applicants up to £6,000 in Court fees and was to be based on the value of each estate. This would have been an enormous increase […]
