Employment Contracts

Are you and your partner are on the same page about how you will provide for your children should one of you die? If yes, can you just make one Will together? The short answer is no. There is no such thing as a joint Will because two people can’t make their Wills on one document. However, you can agree with your partner to dispose of your estate in exactly the same way. These are called Mirror Wills...

When someone dies, their executors or administrators (known collectively as personal representatives) are responsible for identifying the assets and liabilities of the estate and establishing their value at the date of death.

For inheritance tax purposes, assets are generally valued at their open market value at the date of death. This means the price they might reasonably have been expected to fetch if sold on the open market at that time.

To help you with the probate process, here is a list of commonly owned assets and how to go about valuing them...

Do you know what the number one mistake of Will writing is? Not making a Will at all! Recent research suggests that over half of all UK adults don’t have a Will. Don’t be one of them! Having decided to write a Will, the last thing you want is to make a mistake. Mistakes in Wills can have serious consequences that mean your wishes may not be effective. Although some mistakes can be rectified by a court, this may cost your friends and relatives in time and money. Read on for more information about how to make your Will and avoid making mistakes...

When someone dies, one of the important responsibilities of the personal representatives is to identify the assets and debts of the deceased.

An executor is appointed under a Will, while an administrator is appointed by the court where there is no Will or no executor able to act.

It is important to establish the value of the deceased's assets and outstanding liabilities at the date of death. This information will be needed when completing the probate or confirmation application and calculating whether Inheritance Tax is payable...