78% of those retiring are failing to seek professional advice

78% of those retiring are failing to seek professional advice

Global investment company abrdn have conducted a survey that found that almost four out of five people taking retirement are not seeking professional advice in respect of their financial plans.  The survey questioned 2,000 retirees in the UK, finding that 78% have not...
When to update your Will

When to update your Will

Having a Will in place gives most people great peace of mind, but it is important to review the document from time to time to ensure that it still reflects your wishes. You may decide that you want to distribute your estate in a different way or appoint someone else...
What to include in estate accounts

What to include in estate accounts

After a death, the deceased’s executor or administrator has the job of winding up the estate. Once this has been done, they are required to provide a final estate account, setting out all of the assets, income, liabilities and expenses as well as the amount that is...
Video witnessing of Wills extended to 2024

Video witnessing of Wills extended to 2024

The government has announced an extension of its legislation allowing individuals who are isolating to have their Will witnessed virtually. The law was originally introduced in September 2020 so that those who could not meet others during the pandemic were still able...
Probate and estate administration – a glossary of terms

Probate and estate administration – a glossary of terms

Dealing with someone’s estate after their death can involve a number of different terms. Below are some of the most commonly used words and phrases to help explain the probate and administration process. Administrator – deals with the winding up of the estate of...