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Does obtaining a grant of probate have to be expensive?

The cost of a grant of probate does not have to be expensive. There are a number of ways to reduce the cost, including using a fixed fee probate service. This can be a more affordable option than using a traditional approach of an hourly rate charge. The more complex...

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Statutory Legacy sum is set to be raised later this month

The Statutory Legacy sum is set to be raised from £270,000 to £322,000 later this month in the UK. The increase, which will come into effect on July 26, 2023, is being made in accordance with the Administration of Estates Act 1925 (Fixed Net Sum) Order 2020. This...

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WHAT IS INHERITANCE TAX? WILL MY FAMILY HAVE TO PAY?

Taxes have been in the news a lot lately. However, unlike Income Tax, Inheritance Tax (IHT) and the associated limits are not often adjusted. This is not necessarily a good thing. Inheritance Tax is a charge on the value of the estate of a person who has passed away....

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Do I need Probate?

‘Probate’ is the part of the process when someone dies which involves applying to the court (Probate Registry) for permission to deal with someone’s estate. If the Probate Registry grants permission, then they will issue a grant. Any inheritance due in order to get...

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What is Probate?

What is probate? The term probate can be confusing, as it is often used to describe different things.The term ‘probate’ is frequently used to describe the process of winding up someone’s estate (money, property and possessions) when they pass away – also known as...

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