Mind At Rest Wills Blog

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Wills and Unregistered UK Property

 Property Ownership Land Registry

Registered and Unregistered Property

HM Land Registry originally came to be in 1862 but it wasn't until the Land Registration Act came into force in 1997 that it became compulsory to register property in the UK. From this point on each time a property is purchased a Solicitor or Conveyancer is required to file documents with the Land Registry so the property ownership can be entered onto a public register.

Wills and Trusts Glossary

Wills FAQ Book

Wills & Trusts Commonly Used Terms

ADMINISTRATOR - Someone who is appointed by law to deal with the affairs of a person who has died. An administrator could be appointed because, the person who died did not have a Will or they had a Will but did not appoint an Executor or the person appointed as Executor does not wish to act.

ASSENT - Legal term for when property is transferred by Executors to a Beneficiary or Trustee.

Joint Property Ownership

 Property Ownership Land Registry

When two people purchase Property or Land in England & Wales, there are two ways in which it can be owned and registered with HM Land Registry these are as either Beneficial Joint tenants or Tenants In Common.

What is a Reserved Instrument Activity?

Resrved Legal Activities

Wills FAQ Book
The Legal Services Act 2007 states that certain legal services activities can only be carried out by providers that are regulated by approved legal service regulators that are monitored by the Legal Services Board

Excluding Someone From Your Will

 Coffin Question MarkThere may be a time when for whatever reason that you decide you wish to exclude someone from your Will.

In order to achieve this, a Deliberate Exclusion clause can be included in your Will as part of your requests and wishes.

By adding a Deliberate Exclusion to your Will, you can make it very clear that you did not wish a specific person or persons to benefit from the proceeds of your estate when you are gone.

How Much Does it Cost to Make a Will?

Wills FAQ BookOne of the things that puts people off making a Will is not knowing what their options are for making their Will and how much it costs.

This article looks at the different options and costs available to you including making a Will On-line, (DIY) make your own Will and using a Professional Will Writing Company or Solicitor.

(DIY) Make Your Own Will

If your affairs are Very straightforward with no complications then a (DIY) will may be the answer provided you follow all the instructions Very carefully.

The EPN Professional Charter

Estate Planners Network Logo

The Estate Planners Network (EPN) Professional Charter

As accredited members of the Estate Planners Network Mind At Rest Wills adhere to the EPN Professional Charter ensuring that members of the public can use an EPN member with confidence.

The Charter consists of 8 main principles and they are as follows:

New Family Home Allowance (ANRB) Introduced

New Family Home Allowance (IHT) 2015
In this years summer budget Chancellor George Osborne announced that in addition to the current inheritance tax (IHT) nil rate band threshold (NRB) of £325,000 per person.

A new “family home allowance” known as an additional Nil Rate Band (ANRB) is set to be introduced from April 6, 2017.

Currently the inheritance tax (IHT) nil rate band is £325,00 this amount will be frozen until April 2021.

Multiple Trusts and IHT Planning

Inheritance Tax Image
Back in June last year we published an article about the HMRC planned changes to IHT taxation of trusts

The original consultation paper on this subject was published by the Treasury in 2013 and planned to put legislation in force to deter inheritance tax (IHT) mitigation through the use of multiple Pilot Trusts.

General Power of Attorney Explained

Wills FAQ Book
A General Power of Attorney is a legal document that allows an individual known as the ‘Donor’ to authorise someone else known as the ‘Attorney’ to act on the Donors behalf with regard to their property and affairs.

A General Power of Attorney automatically ends if the Donor dies or loses the mental capacity to make decision for themselves.

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