A recent increase in Will disputes demonstrates why you should keep your Will up to date
The Office of National Statistics has reported that there has been a 33% rise in the number of unmarried couples since 2005. Perhaps unsurprisingly, during this time there has also been a rise in the problems which result when an unmarried partner dies without a Will.
Significant increase in homeowners liable for Inheritance Tax – are you prepared?
Almost a quarter of homes sold for more than the Inheritance Tax (IHT) threshold last year, making their owners’ heirs liable to a 40% IHT bill. The number of sold properties valued above the £325,000 threshold increased to 24%, up from 13% in 2009.
Do you understand your legal liability? 96% of executors say they are unaware of their responsibilities.
Recent research has shown that while six million people have experience of acting as the executor of a Will, just 4% realise they are legally liable for the accurate distribution of the estate.
What happens to your digital legacy when you die?
With an ever increasing amount of our lives documented online, it's perhaps unsurprising that many people are now asking 'what happens to my online legacy when I die?'