Wills & Trusts
🐾 Don’t Forget Your Furry Family Members! 🐾
🐾 Don’t Forget Your Furry Family Members! 🐾 As a nation of animal lovers, it’s crucial to consider our beloved pets when planning our estates. While pets aren’t legally considered sentient beings, they are regarded as property. Therefore, it’s essential to include them in your will to ensure they receive the love and care they…
Read MoreUnderstanding the Value of Your Estate: A Guide to Effective Planning
Introduction Understanding the value of your estate is crucial for effective planning. By knowing what your estate is worth, you can make informed decisions about your financial future. This guide will teach you how to assess your assets and liabilities, giving you a clear picture of your estate’s worth. What is an Estate? An estate…
Read MoreExecutor Disputes on the Rise: Why Choosing a Professional Executor Could Be Your Best Decision
Executor Disputes Rising: Why Hiring a Professional Executor Might Be Your Best Choice In recent years, executor disputes have been increasing. Claims in the High Court of England and Wales have surged by over 20% in the past year, according to The Times. Although the total number of disputes remains relatively low, this trend is…
Read MoreAre You and Your Partner Protected? Understanding Inheritance Risks for Cohabiting Couples 🏡
The Reality of Intestacy Rules Did you know that a staggering 68% of cohabiting couples are unaware of the inheritance risks they face without a will? 🤔 This alarming statistic reveals a widespread lack of understanding about how intestacy rules work. When someone passes away without a will, these rules determine how their estate is…
Read MoreEstate Planning for Blended Families: Navigating the Complexities with Sensitivity and Care
Estate Planning for Blended Families: Navigating Complexities with Sensitivity and Care Strategies for Effective Estate Planning: Blended families bring unique dynamics and complexities to estate planning, often leading to potential conflicts if not handled with care and clarity. With the recent rise in disputes against executors of wills, it’s crucial to address these challenges proactively.…
Read MoreUnderstanding Probate: A Guide for Our Clients
Understanding the Probate Process in England At Beacon Advice, we are pleased to announce our new partnership with a national probate firm. This collaboration allows us to extend our services to include comprehensive probate assistance. In our experience, many people find themselves as executors of a deceased person’s estate with little or no understanding of…
Read MoreA Guide to Digital Assets in Estate Planning
As digital technology continues to become more integral to our daily lives, it becomes increasingly important to include digital assets in estate planning. Digital assets encompass everything from social media accounts to cryptocurrencies, and planning for their management after your death can prevent confusion and ensure your wishes are respected. Therefore, understanding how to manage…
Read MoreUnderstanding Life Interest in Property Trusts: A Simple Guide
What is a Life Interest in Property Trust? Imagine ensuring that your spouse can continue living in your family home without any worries after you pass away. A Life Interest in Property Trust enables exactly that. In this legal arrangement, trustees manage your property, allowing your spouse, known as the life tenant, to use the…
Read More🌟 Why Everyone Needs a Will: Breaking Down the Myths 🌟
Think you’re too young or don’t have enough assets for a will? Think again! Let’s debunk some common myths and show you why a will is essential for everyone. 1️⃣ Myth: “I’m too young for a will.” Reality: Life is unpredictable. A will is not just for the elderly; it’s a crucial tool for anyone…
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