United Kingdom residents who have an interest in estate planning may be interested in an article discussing why it is needed. By following a few principles, a plan can be set up to help ensure that a person's estate is disposed of as they wish. An estate plan is a series...
Law Offices of Alhayat Solicitors
Hoffman’s estate plan leaves assets to his girlfriend
Readers in United Kingdom may be interested to know that Philip Seymour Hoffman, the acclaimed actor who died in February following a drug overdose at the age of 46, reportedly went to great lengths to protect his children from the pitfalls of becoming overly reliant on...
United Kingdom credit card debt after death
In many instances, credit card debt does not die with an individual, but unless an account was opened jointly, a surviving friend or relative will not have to pay off the debt in most cases. During the estate administration, it is an executor's responsibility to pay...
Unmarried partners need protection
Couples in United Kingdom who decide to live together rather than marrying may think that their estate will automatically go to their partner without benefit of a will. The truth is, it probably will not because marriage offers several automatic protections for issues...
Estate Planning – How to Establish a Living Trust
Estate Planning - Establishing a Living TrustEstate planning utilizes a living trust legal document. Living trusts are established to provided security for loved ones after a person has passed and to ensure their assets are divided in a way they...
It’s important to review estate plans regularly
Readers in United Kingdom who are considering creating a plan to distribute their wealth may want to know that just making a plan and filing it away often isn't enough to assure that everything goes smoothly. Estate planning documents that have been drafted more than a...
Important considerations when choosing a trust administrator
United Kingdom residents who are looking into estate planning may be interested in an article discussing one vital aspect of creating a trust that is often overlooked. Determining who will administer the instrument can be an extremely important decision. When a trust is...
The ways heirs may inherit debt
United Kingdom residents may be interested in a recent article that described how a deceased family member's unpaid bills may have a dramatic effect on inheritance. On most cases these expenses will simply consume a sometimes great portion of the inheritance the heirs are...
Steps to help avoid inheritance conflicts
Few things have more potential to jeopardize peace within a United Kingdom family than arguments over a deceased loved one's estate. A parent who gives a new spouse his or her inheritance while omitting children, for example, can cause extreme frustration and stress for...
Planning a special needs trust
United Kingdom parents of children with special needs want to make sure their offspring are well taken care of throughout their lives. Parents facing this challenge know they won't live forever, and they worry about what will happen to their special needs dependents once...