If you are reading this then you have just found out that you’ve been named executor of an estate. What does this mean for you? Being named as an executor of estate also referred to as a “personal representative” doesn’t have to be a daunting task, If you get yourself organised from the start the process can run very smoothly. As the Executor you are responsible for protecting and making sure the assets are distributed until the process is finished. If you are made executor of estate and you do not want to act you can renounce, only if you haven’t… read more →
Avoid a probate final rip off when sorting out your loved one’s estate. Article sourced from the Guardian; http://www.theguardian.com/money/2013/sep/21/probate-avoid-rip-off-comparing Outside executors can cream off thousands – you don’t want to make an already testing time worse by not comparing probate services. Probate is the process through which you take over a person’s affairs. A bereavement is bad enough; finding out later that you have been ripped off by your bank or solicitor when dealing with the estate just piles on the misery. Fees for what is known as “probate” – the process by which you obtain the rights to deal… read more →
More than 100,000 people this year alone will struggle to leave enough money behind to cover the bill for their funerals. Poor people can’t afford to die without leaving a bill that their family need to find the money to pay. The average cost of dying, including funeral, burial or cremation and Estate administration, is £7,622 – a rise of 7.1% in the past year. Families on low incomes can get state help through the Social Fund Funeral Payment but face an average £1,277 shortfall, according to the University of Bath. The report had challenged the Government to rethink the… read more →
Are you in London or surrounding areas and need Probate? Final Duties can offer you low cost probate and assist you throughout the whole process, beating all our competitors in price and simplicity. We provide quick and simple quotes. Unlike many banks and other probate providers we do not even have to visit your home. The London Probate office is located at the First Avenue House at 42-49 High Holborn. The First Avenue House has 19 Family Division courts and holds a complete set of calendars of wills and administrations from 1858. The First Avenue House has been the primary… read more →
Living abroad is becoming a popular option among British retirees. With the cost of living in the UK increasing, the opportunity to exchange rainy days for Sea and sand is an attractive one. Making your money stretch further with lower property prices, cheap goods and all year sunshine, it’s easy to see why many Brits are making the move. However with the excitement of a more leisurely life style it’s easy to forget things like updating your will or writing a will to include dealing with foreign assets. Property or assets are subject to the laws of the country in… read more →