Dealing with a lost or missing will
In order to obtain a grant of probate, the deceased’s original will must be lodged at the Probate Registry alongside the probate application. There are occasions when the original will is not available which adds an additional layer of complexity.
Efficient Estate Planning
Nicola advised two clients, following the sale of their business, in relation to efficiently planning their estates, in a matter valued at £25 million.
Inheritance tax and the pension transfer window
When a member has passed away, trustees and pension scheme administrators can usually exercise discretion over the distribution of death benefits due from a pension scheme. More often than not when a trustee has exercised this discretion, the benefits fall outside of the estate for Inheritance Tax (IHT) purposes.