What happens in probate when there is no will?

What happens in probate when there is no will?

The process of probate is conducted after a person dies. Their property, money, financial affairs and possessions are sold or transferred, any outstanding debts are settled and whatever’s left is then paid to their beneficiaries. This process takes place regardless of...
Assessing capacity for making a Will

Assessing capacity for making a Will

The number of people living with Dementia in the UK is projected to nearly double from 850,000 to 1.6 million by 2040, mainly due to an ageing population (according to Dementia UK). Therefore, ensuring that the right tests and assessments are followed to establish...
Opportunities in estate planning

Opportunities in estate planning

Estate Planning is seen to be a heavy subject that a lot of people tend to put off, it can seem daunting and complicated. As your clients' adviser you can help put them at ease, introduce the subject to them and help them identify how estate planning can be beneficial...
Why keep a Will up to date?

Why keep a Will up to date?

According to a recent report from Quilter, 57% of people are still without a Will and other sources suggest this figure may in fact be slightly higher. Of those that do have a Will, 53% have not updated it in the last 5 years with a further 14% having never updated it...
The difference between Wills and Trusts

The difference between Wills and Trusts

Whilst Wills and Trusts do have a lot of overlap, there are also several differences between the two. Ultimately, both are ways to say who will receive a persons assets. They just do it in different ways, and each has its own advantages and disadvantages.   A...