The role of an Executor

Thanks to Chantal from Castleacre Insurance for sharing insights into the role of an Executor this week. This could also be entitled: Executor Forced by the Court to Reimburse an Estate to the tune of £300,000. A little more arresting. Here’s what Chantal tells us: Many people who take on the role of executor for a […]

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Wealth Management

Whether you own a big car, a fleet of cars or a bus pass, wealth management might still be worth thinking about.

This week, we talk to Matthew de Courcy Ireland, independent financial adviser and pre-retirement specialist, to find out more.

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Bereavement and Tax

Bereavement and Tax – it’s changing again. There can be a mountain of paperwork to deal with after a bereavement, and everyday matters like dealing with banks, council departments and utility companies can become overwhelming. One area that needs attention after most bereavements is tax.

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Writing a Will

Where should we start if we’re thinking about making a Will? A series of “what if” questions is a good place – along with the assistance of an expert who knows the territory and can prompt you through your choices and the issues. See some typical scenarios to begin.

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Inheritance tax

Inheritance Tax is charged on your estate at date of death. Ouch. You are liable for all your property in the UK and elsewhere. If you are not living in the UK then the tax only applies to property you own in the UK. Make sure you know what to expect and what your options are.

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Life cover insurance

Life cover insurance can ensure that, if you died, your family would be financially secure, your mortgage paid off and your funeral covered.

It’s the ideal. To pay off your debts and still have something in the coffers for a good ‘wake’ and a wee share out.

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Retirement plans

Retirement plans are among the more common ways people think about preparing for end of life. There are a number of ways you can provide for or enhance your retirement. Good health, good friends, good financial planning – the holy trinity of later life.

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Will Trusts

Will Trusts allow you to set up a Trust and appoint Trustees in your Will in order to manage your affairs after death. Will Trusts have no legal standing while the holder is alive; they come into force on death.

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Executors

An Executor acts on your behalf after you’ve died – ensuring the intention of your Will is fulfilled. When you write a Will you appoint at least one Executor – usually two – as trusted representatives who will see that your final wishes are carried out. This may be your next of kin, close family […]

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Intestacy: dying without a Will

If you die without a Will, the State decides who gets what If you don’t have a Will, your Estate (property, money, belongings) will be shared out according to the ‘rules of intestacy’. In the UK, the first cut goes to your partner then the rest would be divided up between partner and children or […]

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