Posts tagged “inheritance”

Assets following the sale of a family farm could have been lost.
Executors recently discovered lost assets of £629,000, held in multiple bank accounts following the sale of a family farm. 
 
A daughter was in care and had a life interest in her mother’s estate. A law firm was acting as her deputy, looking after her interests. Sadly, she died before her mother. When her mother also died, there were two estates to deal with. There was very little information available about these separate but related estates. 
Like an umbrella on a rainy day, a life insurance policy is protection against the unexpected. Should you put yours in a trust?
You might have heard trusts mentioned in relation to Will writing and estate planning. 
Trusts are also a consideration if you’re planning to take out some life insurance. 
 
Many of us think about life insurance as protection for a rainy day. It can help our loved ones manage financially when we die. Normally they receive a lump sum free of income tax and Capital Gains Tax, so how might a trust help? 
Wegging rings can change your life but you need to update your Will.
Did you know that, even if you have a legally valid Will, it becomes void when you marry? 
 
This is because the law in England and Wales sees marriage as a significant change to your finances and commitments. It assumes you will want to review your previous arrangements.