Monthly Archives: July 2011
What is Inheritance Tax?
Inheritance Tax is usually paid on an estate when somebody dies. It is also sometimes payable on trusts or gifts made during someone’s lifetime. Most estates do not have to pay Inheritance Tax because they are valued at less than the threshold (?325,000 in 2011-12).
The Probate Process
When a loved one dies, before probate is granted, no one has the right or obligation to deal with the deceased’s estate. Their assets and property cannot be dealt with until the Probate Registry grants a Grant of Representation giving legal authority to the Executor nominated in the deceased’s Will.
The skill of Paul Watson, Principal of Paul J Watson Solicitor in Middlesbrough, have been recognised by the UK’s leading family law group – Resolution. Paul Watson has recently gained Resolution accredited specialist status.