United Kingdom residents may be unaware about the most common mistakes people make when planning an estate trust. While it may be difficult to think about, not taking precautions when arranging a trust can cause major dilemmas in the future. For example, many individuals...
Law Offices of Alhayat Solicitors
Examining the estate planning steps a newlywed couple should take
For United Kingdom newlyweds, estate planning may be the furthest thing from their minds. However, some simple steps may help to protect assets and ensure that a couple's estate is treated in the right way should unexpected circumstances arise. One simple fix that newly...
Situations that make it necessary to change one’s will
Some of the biggest changes in people's lives might necessitate a change to one's will. Comprehensive estate planning could be beneficial to loved ones when someone passes away, but if one creates a plan when they are young, they will likely want to change the terms...
Wills and estate planning
In United Kingdom, one of the best ways to plan for the future is to create a will. Wills are legal documents that direct how a person's estate will be distributed after they have passed away. Without a will, the distribution of a decedent's property will be conducted by...
Estate planning and trusts in United Kingdom
People who are deciding how to handle their estates may have heard of trusts but may be uncertain of exactly what trusts do. Because their uses are diverse, there are also many different types of trusts available. The type of trust a person may choose to establish...
The importance of writing a will
It is very important for every adult who resides in United Kingdom to have a legal will prepared because without one, the decedent's assets will be automatically distributed by a court according to the state's laws. In most cases, the assets will go to the decedent's...
When should someone change a will?
As many United Kingdom residents may know, life events may necessitate changes in a person's will. This may be done by rewriting the original will to ensure that the decedent's wishes are followed. Knowing when a will needs to be changed and keeping it updated is...
Why United Kingdom residents may wish to consider trusts
United Kingdom residents with assets of $100,000 or more may be wise to consider using trusts as part of an estate plan. Trusts allow an individual to stipulate when and how their estate will be distributed, and they can provide peace of mind by ensuring that all heirs...
Estates with charitable trusts must satisfy IRS rules
The IRS maintains specific definitions concerning what constitutes a valid trust that can be included in a United Kingdomn estate. Although many people want to donate assets to charitable causes, the estate devices they employ to do so don't necessarily benefit from the...
Children born after a parent dies might be an heir
When people pass away in United Kingdom, a probate court often decides what happens to their belongings. A main component of this process is deciding who are the beneficiaries of the estate. Children are usually considered heirs to an estate, even if the children are born...
