Recent Estate Administration
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FeatureEstate of affairs
Byron Jones reviews the recently updated Law Society practice note on insolvent estates and considers whether a bigger change was needed
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FeatureBilling time
What happens when an executor allows for payment of bills which the beneficiaries will be responsible for? Lesley King looks at the law and case examples from this year
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NewsMelinda Giles, PCS committee member, featured on BBC Breakfast to discuss LPAs
Following a report about lasting powers of attorney and dementia, Melinda Giles pressed the importance of sorting an LPA early, picking the right attorney and getting advice from a specialised solicitor.
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FeatureCalling the shots
Fiona du Feu and Kate Maybury, both keen shots and gun licence-holders, discuss practical issues relating to shotgun ownership when taking instructions for wills and dealing with executors
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FeatureVersus predator
The risk of vulnerable parties entering into a predatory marriage is gaining increasing attention, both in the press and in the legal profession. Bethan Byrne and Sheena Cassidy Hope explore how new protections can be achieved through changes in the law
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FeaturePassage to India
Alberto Perez Cedillo speaks to Rishabh Shroff, co-head of private client practice at Indian law firm Cyril Amarchand Mangaldas, about the country’s inheritance and succession laws
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FAQPAS FAQ: insolvent estates and specific legacies
Our Practice Advice Service explains what constitutes an insolvent estate.
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FAQPAS FAQ: binding wills signed at home
Our Practice Advice Service explains how to bind wills that are signed by clients at home.
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FeatureEstate of play
Cancer Research UK recently held an online event with a panel of legal and medical experts to discuss whether COVID-19 has increased the likelihood of claims against estates. Here is a summary of the key points discussed
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FeatureGiving it up
A recent case involving a law firm that refused to renounce acting as professional executor ended up with it being removed by the High Court and a hefty legal bill to pay. Julie Man explains what you should do if faced with a similar request to renounce your executorship
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FeatureThe estate is not enough
We have all seen wills in which beneficiaries question whether the existence of the transferable nil-rate band changes the amount payable under a nil-rate band legacy. Paul Saunders assesses what happens where the estate is insufficient to satisfy the legacy in any event
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FeatureBook review: Doing the deed
Gareth Marland reviews the latest release by Professor Lesley King on varying the distribution of an estate after death
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FeatureBack to Basics: Liabilities in estate administration
Lesley King looks at the rules governing payment of debts and liabilities during the administration of estates, including a number of example scenarios and relevant case law.
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FeatureOvercoming the burden of administration in death
Estate management is a time-consuming business, but the digitisation of death will accelerate in the coming years, claims Tremayne Carew Pole, founder of Life Ledger. He looks at how the process is changing in the private as well as the public sector
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FeatureBack to Basics: How to manage cryptocurrencies
Leigh Sagar explains the basics of cryptocurrencies, and how to deal with them in an estate administration
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FeatureWeathering the storm
Sarah McGovern explains how to navigate some of the issues likely to arise in estate administrations during a volatile market, including fluctuations in property prices
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FeatureAccelerated payment of capital gains tax on residential land
Since 6 April 2020, report and payment for capital gains tax on residential land must be made within 30 days of completion. Lesley King looks at the rules that trustees and personal representatives need to follow.
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FeatureMere chattels?
Many testators gift chattels to executors absolutely to avoid the hassle of regularly updating their wills. It’s usually straightforward but, as Paul Saunders explains, tax and other implications can arise