Even if someone is wealthy their estate may have debts to be dealt with after their passing – it is reported that Michael Jackson died with around $500 million worth of debt. Find out how to manage expectations if there are debts following the passing of a loved one here. Dealing with estate debts If you are an executor [...]
When someone dies, all the assets in the estate will need to be valued as early possible for two key reasons. Firstly, an estate valuation must be provided to the probate court before probate will be granted. Secondly, any inheritance tax (IHT) due will need to be calculated and a payment made. In simple terms, IHT is calculated by [...]
Claiming your rightful inheritance If a loved one, or someone you were financially dependent on, has died and either left you out of their will entirely or failed to make adequate financial provision for you, then it may be possible for you to get the terms of the will varied so that appropriate provision is made. This may also [...]
