Inheritance tax changes: what they mean for your pension
Many clients have inquired about the recent Budget announcements and how the changes to pensions will impact inheritance tax (IHT).
Tees can help you administer the estate of someone who has died. With our experience we can take the burden off you. We can do as much, or as little, of the work as you wish and our experts are on hand to sort out any legal complexities.
Estate administration is the process of handling all the finances, assets and debts of somebody after they have died. This can be a difficult experience for a family following the death of a loved one – you’ve got enough on your hands without coping with the stress of extra work and admin.
At Tees we understand estate administration inside out, so we can sort it out which takes the pressure off you. You can ask us to do as much – or as little – as you need. Using our extensive experience, we can sort out every detail as quickly and tidily as possible, which saves you having to face it alone.
Tees have consistently delivered prompt advice. They demonstrate empathy in difficult situations and help client navigate towards solutions.
If there’s no will (otherwise known as intestacy) we’ll find out who’s entitled to manage the estate and who might benefit from it. Sometimes this involves complex trust rules that govern who gets what.
You might need a grant of probate. This is the process that confirms the executors’ authority to deal with the estate and get things like bank accounts sorted out. Getting a grant of probate can be time consuming and stressful, but we can prepare all the papers and apply to the court on your behalf.
Call us for an initial chat, at no obligation, or fill out our enquiry form and a solicitor will get in touch.
Our specialist lawyers are based in:
But we can help you wherever you are in England and Wales.
Many clients have inquired about the recent Budget announcements and how the changes to pensions will impact inheritance tax (IHT).
When you build up a money purchase pension, you’re not just planning for your own retirement, you’re also creating a
The Terminally Ill Adults (End of Life) Bill (“the Bill”) is a proposed piece of legislation currently making its way
Have you thought about what would happen to your assets if you died without a Will? It’s a difficult topic
If you’d like to meet one of our experts for a confidential, no obligation chat, please get in touch.
When someone dies, probate is the process of managing and passing on their property, money and other assets to others, once any debts, taxes and other costs have been paid. If the deceased person made a will, they will have named someone to carry out these tasks. That person is known as the Will’s executor.
A probate caveat is a means to stop a probate application, for example if there is a dispute about the will or the persons applying for probate. In order to enter a caveat, it is necessary to make an application to the Probate Registry.
It’s a guarantee on death in service benefit, which the Government announced for frontline health and care staff, during the Coronavirus pandemic. Families of eligible health and care workers on the frontline in England, who die from coronavirus in the course of their frontline essential work, will receive a £60k payment.
It will be necessary for the person claiming this benefit to provide either a Grant of Probate or Letters of Administration. These are legal documents which are obtained as part of managing a deceased person’s estate. This is because one or other of these documents would determine to whom the lump sum should be paid. You can ask a solicitor to help you to obtain these documents.
