Mind At Rest Wills Blog

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New RNRB Explained

Wills FAQ Book

Does The New RNRB Affect You

Back in April of this year new legislation was introduced which may result in a reduction of the amount of Inheritance Tax (IHT) your estate pays when you die if at that time your estate is taxable for inheritance tax purposes.

What is the Residential Nil Rate Band (RNRB)?

The RNRB know as the Residential Nil Rate Allowance or (RNRA) as it is referred to in some publications. This is a new tax allowance in addition to the existing Nil Rate Band (NRB) Inheritance Tax allowance.

Excluding Someone In Your Will

Wills FAQ Book

Will Exclusion Circumstances Explained

When you fail to name a beneficiary in your Will who may have expected to inherit you are effectively making a deliberate exclusion. Different circumstances and wishes for the distribution of your estate can lead to such an exclusion.

Overcharged Power of Attorney Registration Fees To Be Refunded by Office of Public Guardian

 office of the public guardian

It has come to our attention today that The Office of the Public Guardian for England and Wales (OPG) has admitted to charging excessive fees for issuing powers of attorney for the past four years and full details of a refund scheme will be announced 'in due course'.

Lasting Power of Attorney OPG Registration Fee Reduced 1/4/2017

Wills FAQ Book

Lasting Powers of Attorney fees Reduced

From 1st April 2017, the fees for applying to register Lasting Powers of Attorney (LPA) have been reduced from £110 for each Lasting Power of Attorney to £82, with the fee for resubmitting an Lasting Power of Attorney for registration reducing from £55 to £41.

Dealing With Someone’s Affairs When They Die

Wills FAQ Book

Have you recently suffered a bereavement?

Dealing with someone’s affairs when they die can be complicated and confusing, especially at a difficult and emotional time.

Whilst it is possible to deal with these matters on your own we often find that getting professional support to administer your friend or loved ones estate makes the process run much more smoothly and helps avoid costly and stressful mistakes being made.

Executor Responsibilities

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What is involved in routine estate administration?

Executors of a Will have the legal responsibility of establishing the extent of the deceased estate, paying the liabilities and expenses of the deceased, including any inheritance tax where applicable, and distributing the remaining residual balance of the estate to the chosen beneficiaries.

The law requires that the administration of a deceased persons estate be carried out with due diligence, Administering an estate usually involves the following steps:

Court of Protection Deputyship Explained

Wills FAQ Book
There are many reasons why a person in your life may no longer be able to manage their own financial affairs or make informed decisions about their personal welfare.

When this happens it is called "loss of mental capacity". Illnesses such as Alzheimer’s, Parkinson's and other forms of Dementia can often be the cause of someone loosing the ability to make their own decisions.

Probate Explained

 Estate Planning FAQ Book

Probate Frequently Asked Questions

Taking care of a loved ones estate and financial affairs when they die can be complicated and confusing, especially at such an emotional and difficult time. Below are some answers to frequently asked questions about Probate.

What is an Estate?

A persons Estate is everything that they own including all of their assets and their liabilities.

Disputing a Will

Wills FAQ Book

Contentious Probate and Disputing a Will

The death of a Spouse,Partner, parent, friend or other loved one is always an emotional time and can sometimes be very stressful. Especially if their Will is challenged or if there is a dispute relating to their Estate.

How to tell if Property is owned as Tenants in Common

Wills FAQ Book

Nowadays more and more people are changing their home ownership from Joint Tenants to Tenants in Common in order to take advantage of Estate Planning Strategies that can help to protect their children's inheritance in the future.

One of the questions I am asked the most is "How to tell if a home / house is owned as Tenants in Common".

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