Daily Mail News Articles

Many people making wills in pandemic named executors but failed to tell them

Many people making wills in pandemic named executors but failed to tell them

Many who made wills in the pandemic named executors but failed to tell them: What’s involved and how do you persuade someone to take it on?Executors are typically trusted friends or relativesThey administer a will, carry out last wishes and distribute assetsLawyers urge people to consult their chosen executors before making a willIf they refuse after the fact, you might have to pay a fee to change itExecutors can renounce the role after you die, but must do so immediately By Tanya Jefferies for Thisismoney.co.uk Published: 02:38 EDT, 20 August 2020 | Updated: 02:38 EDT, 20 August 2020

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Open up the bank of Gran & Grandad: How to spread your wealth safely

Open up the bank of Gran & Grandad: How to spread your wealth safely

Open up the bank of Gran & Grandad: From helping with mortgages to an early inheritance… how to spread your wealth without triggering tax trapsInheritance tax is 40% of the value of your estate only if worth £325,000 or moreBy giving money now you can lower the value of your estate above the threshold If you die within seven years of the gift, it will be counted as part of your estate By Samantha Partington For The Daily Mail Published: 17:01 EDT, 18 August 2020 | Updated: 10:33 EDT, 19 August 2020

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