For this Q&A, we have assumed that: the child of the deceased is not a minor a grant of letters of administration has been made to the siblings It is assumed that the deceased died without a Will, in which case, a grant of letters of administration will need to be applied for. The Q&A...
The Question assumes : Inheritance tax advice has been provided on GROB and PET depending on the situation The risk of the daughter being made bankrupt, predeceasing or divorcing and her mother’s assets being taken into account. A lack of any declaration of trust will make the mother’s position more difficult as she would have...
If you die without having made a will, your estate passes under the rules of Intestacy. These rules set out a statutory prescribed order of who benefits under these circumstances. The legislation does not include unmarried cohabiting partners.At TLS, we encourage everyone to put in place a will to ensure that your estate will go...
Benefits of selling in 2022/2023 Low competition – Due to the increased demand for houses, it is likely you won’t have much competition. This is good as it can allow for a quick sale at a price you are happy with. In fact, it could leave you with a much greater price than your original...
Buying a property is an extremely exciting time for people, especially if you are a first-time buyer. Although purchasing a property can have its ups and downs, it is all worth it when you have the home of your dreams. Reasons to be hopeful about buying in 2022/2023 First Time Buyers do not pay any...