How Will The Government Recoup Spending Post Covid-19?
The Covid-19 pandemic has changed society as we know it; from travel bans and restrictions to wearing face masks in public to lockdowns. As well as the impact on us all personally, businesses across the globe have been affected with loss of earnings. The public cost of the pandemic is huge and unprecedented, with the government coffers keeping the country afloat for months and months. In an attempt to stabilise the economy and protect lives and jobs government funding spanned from paying furloughed employees salaries, business grants, paying self-employed people and the vast cost of providing PPE to frontline NHS …
Prepaid Probate Plans to Save on Future Probate Costs
Pre-paying for your probate with a prepaid probate plan can have many advantages but it is not right for everyone. It is important that you understand what your plan includes, excludes, and if the value of your estate makes it worthwhile for you to consider. Likened to Funeral Plans pre-paid probate plans allow you to organise and pay in advance, securing costs at today’s prices. Some of the criticisms of Funeral Plans have been levelled at the probate market too, in some cases rightly so. Any unregulated market can lead to unscrupulous marketing and selling tactics. Prepaid Probate is here …
Updated Grant of Representation Forms
The Grant of Representation shouldn’t be confused with a Grant of Probate and is the document issued by the court which entitles the executors to administer the deceased’s estate. The type of Grant of Representation is dependent on the deceased’s circumstances. The Grant of Probate is issued to the executors named in a Will. Where there is no Will, no named executors, or the named executors are unable to apply for probate, Letters of Administration are issued. HM Courts and Tribunals Service (HMCTS) has launched new standard grants of representation application forms. After the initial four week introduction period the …
Glossary of Probate Terms
Whether you are undertaking probate yourself or seeking a specialist to do so on your behalf it’s important to understand the legal terms that are used throughout the often complicated process. It’s also particularly useful if you are taking out a prepaid probate plan so that you understand everything that is and isn’t included in your plan. Administrator Person appointed when there is no Will and no Executor named. Assets All belongings of the deceased including property, personal items, savings, investments etc Assets passing by survivorship Jointly held assets that automatically pass to the survivor rather than through the Will. …
Do It Yourself Probate
Probate is an essential part of administering an estate following someone’s death. Only estates with a value under £5,000 do not need to apply for probate. Given that many people’s estates will need to go through probate at some point in time very few understand how much work can be involved in settling someone’s estate. Probate does not need to be done by a professional and you can do it yourself if you feel confident to do so. Pros Cheaper You will save on probate fees as you will not be paying someone else to do it for you. The …
What Exactly Is Probate?
Probate can appear complicated and having to go through the process with no guidance is daunting. It is for this reason that we have compiled all the essential information regarding the probate process so you don’t have to go through it completely alone and without any information. What is Probate? Probate is the legal process of dealing with the administration of an estate on behalf of a person who has died. This generally involves making sure all debts have been settled and assets have been distributed as documented in the will. When someone ‘applies’ for probate, they are requesting permission …
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How Will The Government Recoup Spending Post Covid-19?
