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Cryptocurrency has blown up in the last few years. It is now becoming more popular in everyday use. So many people have raised the question can you include cryptocurrency in inheritance? What is Cryptocurrency? According to Forbes, cryptocurrency is a digital means of exchange which uses cryptography as a means of security. Most cryptocurrencies operate […]
Read moreA recent report by IRN Research into Wills and Probate has found that only four in 10 adults in the UK have made or are writing a Will. UK Wills & Probate Market 2020: Consumer Research Report also shows that there has only been a 1% increase in Will-making between 2019 and 2020. This has […]
Read moreIn simple terms, if a beneficiary dies first, before the deceased, then they do not inherit anything. It usually takes several months to deal with the administration of an Estate in full. This is especially true if there is property that needs to be sold. Because of this, there may be situations where a beneficiary […]
Read moreThe government has announced that they are planning to modernise the lasting power of attorney system in the UK. They will hold a three month consultation to examine how technology can be used to speed up the service. This consultation will also reform the process of witnessing and improve access. It will look at making […]
Read moreThe rise in property prices in the past year may have an effect on the number of people who have to pay inheritance tax, experts have warned. House prices have reportedly increased by 8.9% in the past year. This may mean that more will pay inheritance tax when someone leaves them property in their Will. […]
Read moreIn 2021, a typical family does not exist in the way that it used to. Every family is different; some people remarry, have stepchildren, adopt children. However, the laws surrounding inheritance do not reflect this. According to reports, unofficially adopted children are treated unfairly in inheritance matters. This is because there are certain rules surrounding […]
Read moreThe compliance officer and manager of a firm has to pay a fine of £2,000 after the firm took on a probate matter with no experience. The Solicitors Regulation Authority (SRA) imposed the penalty after the solicitor showed a ‘disregard for his regulatory obligation to exercise proper management’ over the business. This lack of control […]
Read moreAccording to recent reports, research shows almost half of stepparents in the UK plan to exclude their stepchildren from their Will. Tower Street Finance conducted the research to examine people’s attitudes towards inheritance. They surveyed 2000 people, and of the 2000, 32% say that they currently have a Will which does not treat their children […]
Read moreThere have been recent reports of an inheritance issue brewing across the UK, as long probate is causing people to struggle with funeral costs when a loved one passes away. Research from Tower Street Finance has shown thirty percent of individuals in the UK have admitted they would not be able to afford to give […]
Read moreIn recent years, heir hunters have emerged to reunite people with their inheritances and manage the process accordingly. However, recent research from Anglia Research showed an inheritance crisis may be looming. This is because heir hunters are working with local authorities on anti-competitive, unaccountable contracts. Anglia Research warned families face falling into long, costly legal […]
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