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How can family trusts help to protect assets? (Part 2)

... how they're used and how to manage them.In this article we look at the role a trustee plays in administering a trust, what an executor of a will should do following the death of its author and the type of legal responsibilities that both these appointments share. When ...

What to do when a parent dies

... : get ready to deal with your parent's affairs 1. Check the will. Did your parent leave a will? This normally names executors who have the right to deal with their assets. With no will their close relatives can deal with this. 2. Request ...

What happens if a relative dies intestate?

... What happens if a relative dies intestate? PROBATE, WILL, ASSETS, EXECUTOR The death of a relative is always a difficult emotional time for the surviving family members and friends, but if the deceased died without having made a valid Last Will and Testament, ...

10 questions to ask your parents before it's too late

... affairs, and that can take a long time. It's also worth finding out who has been nominated for Power of Attorney or as executors to ensure they can work together. We know of one family where the siblings are at war and two estates have been entrusted ...

What does the increase in silver divorces mean for adult children?

... more complicated than simply splitting capital values hence the need for actuarial calculations. If one parent has named the other as a trustee or executor of their will, then that will cease on the date of the Decree Absolute, as will any bequests to that partner in ...

Wills and Probate – why are they so important?

... Probate if you are the Personal Representative (PR) of your parent's estate. You are the PR if you are either: the Executor that is named in your parent's Will the next of kin (under the Rules of Intestacy) if there is no Will What ...

And Fred came too: the struggle to care for a step-parent

... of his welfare and financial security, until the day he died at the age of 95. I had Power of Attorney and was Executor for both Mummy and Fred and, even though I was helped by their excellent solicitor and financial advisor, sorting out their affairs ...