Wills and Probate Videos

Why do so many people think they can manage probate on their own? Many executors feel personally obligated to carry out the instructions from a will or believe they understand the process. RG Law explains why probate can be very time-consuming and highly complex, so it’s important that executors take legal advice. Legal support can be much more efficient – saving time and money. #ProbateProcess #EstatePlanning #ProbateLaw #Inheritance #Executor #WillsAndProbate #LegalAdvice #EstateAdministration #ProbateCourt #ProbateTips #ProbateHelp #ProbateAttorney #EstateSettlement #EstateDistribution #ProbateGuide #EstateLaw #ProbateSupport #ProbateAssistance #ProbateResources #ProbateAdvice

You can create a will to ensure that various tax-free allowances are available to beneficiaries, such as children, a spouse or charity. Will writers create a will that is tax-efficient and suitable to your circumstances? Wills should be reviewed every five years as tax rules change or sooner if financial circumstances have changed. RG Law explains why it is important to take advice from your legal or financial advisor to keep track of your estate and take advantage of all the tax-free allowances available. #PlanYourLegacy #WillWisdom #LegacyPlanning #SecureYourFuture #EstateStrategy #WillPrep #FamilyProtection #LegacyMatters #FutureSecure #EstateWise #SmartEstatePlan #WillToProtect #LegacyInOrder #PlanYourHeirloom #SecureTomorrow #FamilyLegacyPlan #LegacyGuardian #PrepareYourLegacy #EstateMindset #LegacySecure

RG Law explains that estates with more than £5,000 should technically have an official Grant of Probate. This gives official authority for the executor to collect the funds. If there is no will, the rules of intestacy will determine who, out of the next of kin, will be authorised to handle this. The official Grant of Probate allows the administration to proceed. If the estate has liquid assets and no property, banks will see the identification of the executor and will see that is the authority they rely on; the banks will release the funds to the executor without seeing the Grant of Probate. In cases where land or property needs to be sold or transferred in ownership, executors will need an official Grant of Probate. This also applies to shares and ISAs, as they are treated similarly to property. #ProbateProcess #EstatePlanning #ProbateLaw #Inheritance #Executor #WillsAndProbate #LegalAdvice #EstateAdministration #ProbateCourt #ProbateTips #ProbateHelp #ProbateAttorney #EstateSettlement #EstateDistribution #ProbateGuide #EstateLaw #ProbateSupport #ProbateAssistance #ProbateResources #ProbateAdvice

It can take several months to collect information on an estate’s assets, as no centralised system can check the deceased pensions, investments, bank accounts, etc. In this digital age, it is becoming more complicated to track everything. RG Law explains the probate process can take several months. There is a two-tier system to secure an official Grant of Probate. If there is a will, the online application can take up to 16 weeks to process the documentation. If there is no will and multiple beneficiaries, the paper application process can take up to six months. #ProbateProcess #EstatePlanning #ProbateLaw #Inheritance #Executor #WillsAndProbate #LegalAdvice #EstateAdministration #ProbateCourt #ProbateTips #ProbateHelp #ProbateAttorney #EstateSettlement #EstateDistribution #ProbateGuide #EstateLaw #ProbateSupport #ProbateAssistance #ProbateResources #ProbateAdvice

Probate is the legal right to deal with someone else's money and possessions, including any property (their estate) when they die. RG Law explains what you need to know. Only once you have probate should you make any financial plans or put any properties that are part of the estate on the market. #ProbateProcess #EstatePlanning #ProbateLaw #Inheritance #Executor #WillsAndProbate #LegalAdvice #EstateAdministration #ProbateCourt #ProbateTips #ProbateHelp #ProbateAttorney #EstateSettlement #EstateDistribution #ProbateGuide #EstateLaw #ProbateSupport #ProbateAssistance #ProbateResources #ProbateAdvice

RG Law, explains HMRC’s timelines on inheritance tax payments and when interest is charged. When the Death Certificate is issued, interest accrues on any inheritance tax payable. If there is not enough cash in the deceased estate's bank accounts/investment accounts to pay the inheritance tax, the beneficiaries must find their own funds to pay HMRC. It is counter-productive not to seek legal advice immediately, and delaying the probate process may lead to the estate paying additional expenses that may not have been anticipated. #EstateTax #InheritanceTax #WealthTransfer #TaxPlanning #LegacyPlanning #ProbateTax #InheritedWealth #TaxStrategy #DeathDuty #WealthSuccession #FamilyLegacy #TaxationOnInheritance #EstatePlanning #GenerationalWealth #DeathTax #InheritanceLaws #HeirTax #TaxEfficiency #FinancialLegacy #TaxImplications