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WHAT HAPPENS TO A DECEASED PERSON’S MONEY AND POSSESSIONS?

https://www.citizensinformation.ie/en/death/the-deceaseds-estate/what-happens-the-deceaseds-estate/ #willing #willwriting Introduction When a person dies, their property passes to their personal representative. The personal representative then distributes the deceased's person’s assets (money, possessions and property) in accordance with the will - if there is one - or…

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10 MYTHS ABOUT MAKING A WILL

https://www.corning-cc.edu/foundation/baron-bulletin-stories/myths-about-wills.php #willwriting #knowyourwill When you spend a lifetime working and earning for your future, you need to care for the way those assets are managed and shared with your loved ones. Most adults do not even have a basic plan…

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PROBATE EXPERTS WARN AGAINST ONLINE WILLS

https://www.lawgazette.co.uk/news/probate-experts-warn-against-online-wills/5110251.article #willtowin #knowyourwill The growing popularity of online will writing could lead to a ‘surge’ in contested probate cases down the line, probate experts have warned. Funeral Solution Expert, a research and consultancy firm, analysed 26 online will writers and…

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WHAT HAPPENS IF I DON’T PAY IHT?

https://www.soteriatrusts.com/insights/what-happens-if-dont-pay-iht/ #willing #knowyourwill The UK’s standard Inheritance Tax (IHT) rate is 40%. IHT must be paid by the executor on the net worth of the deceased person’s estate above the tax-free threshold of £325,000 per single person or £650,000 per…

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SUCCESSION PLANNING: HOW TO HAVE THE “TALK” WITH YOUR FAMILY ABOUT IT

https://www.soteriatrusts.com/insights/succession-planning-how-to-have-the-talk-with-your-family-about-it/ #willwriting #willtowin The topic of Succession Planning often requires some careful consideration and balance. Most people have ideas about what they want for the next generations but don’t see why they should plan ahead. Procrastination and the influence of…

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