We’ve spoken with a lot of people who have been appointed as an executor in a Will and have decided to deal with Probate and the estate themselves. Whilst there is nothing to stop people from doing this, we come across so many misconceptions about the process and costs involved, it can be quite alarming!
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wills, trusts and estate planning
Neves Solicitors are pleased to announce a number of well deserved promotions across several departments, recognising the valuable contribution that our staff are making to the continued success of the law firm.
Neves Solicitors has expanded the specialist Private Client team with the appointment of Senior Private Client Executive, Tristy Pateman, who is based at the Luton Office.
Not only is it important to make a valid Will, it is also worth ensuring that your Will remains up to date, which is something that can often be overlooked.
We would recommend that you review your Will regularly, at least every few years, to ensure that it is in line with current tax and drafting practice and also reflects any changes to your personal and financial circumstances.
Do you receive rental income on a jointly owned property?
If so, it is worth considering the income tax implications of this if you have not done so already.
We routinely prepare Declarations of Trust for joint owners of property who are in receipt of a rental income, but who split this income in different proportions between themselves.
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