Financial Issues

Below are our articles on the subject of Financial Issues. If you can’t see what you are looking for our other categories are displayed on the left under ‘Our Quick Links’…

Dealing With Inheritance Tax   

When someone dies any private property and possessions owned by that person becomes known as his or her estate. It becomes the duty of a chosen executor (as stipulated in the deceased s will) or administrator (appointed by law if no will exists) to, among other things, have this estate assembled and documented, valued, taxed… Continue reading Dealing With Inheritance Tax

Widowed Parents Allowance   

If you are the mother or father of a child or a dependent young person between the ages of 16 and 20 and you receive Child Benefit for these children, you may be eligible to receive a Widowed Parents Allowance if your spouse or civil partner passes away. To check if your circumstances meet the… Continue reading Widowed Parents Allowance

Assistance With Funeral Costs   

It is often a surprise to people how expensive funerals can become. Though the ultimate price will depend upon a variety of options upwards of £2,000 is not entirely uncommon to pay for a full funeral and burial (or cremation). Some people choose to pre-pay for their funerals so that they do not leave a… Continue reading Assistance With Funeral Costs

Bereavement Payment   

Bereavement Payment or what used to be called Widow’s Payment, is a one-off lump sum of £2,000 that may be paid to qualifying bereaved individuals. Before this payment...

What if There is No Will?   

When someone dies, those left have to deal with the issue of what to do with their property and belongings. If there is no Will (i.e the estate is intestate), there is legislation that helps with the process of dividing any assets. Here are the basic steps to follow: Check that there is definitely no… Continue reading What if There is No Will?

Debts After Death   

When someone dies any private property, possessions, investments and other assets owned by that person becomes known as his or her estate. A chosen executor (as stipulated in the deceased s will) or administrator (appointed by law if no will exists) will have this estate assembled and documented, valued, taxed correctly and finally distributed it… Continue reading Debts After Death

Tax Affairs After a Death   

When someone dies part of wrapping up his or her affairs involves settling the taxes on his or her estate and notifying the proper tax authorities of the death. To do this it is important to contact the deceased s local tax office as soon as possible. If this office is unknown, the executor or… Continue reading Tax Affairs After a Death