Bereavement Leave

Bereavement Leave and Bereavement Payments   Bereavement leave is time taken off work when someone has died.     Most employers will allow staff to take bereavement leave ( known as compassionate leave) when someone close dies.  The amount of time you can take and whether or not you will be paid depends on the age of the person who died.   Who can get bereavement leave? Bereavement leave (which is classed as one form of Compassionate Leave) is an entitlement providing either: The person who died was a dependant (a partner, parent, child or someone else who relied on the [...]

Executor Bank Accounts

Executor Bank Accounts - Everything you need to know   Executing a Will can be time consuming and stressful. Holding an executor bank account is a useful part of the end-of-life admin process. This article explains: What are executor bank accounts? Why is it helpful to open one? Where can you open an executor bank account and what documents do you  need? What is an executor? An executor is the person named in a will to carry out the wishes of the will.  It can be an individual or a group of people. The responsibility of the executor begins on [...]

Excepted Estates

Excepted Estates - When don’t I have to fill in Inheritance Tax Forms or apply for Probate? When someone dies, some estates are described as Excepted Estates.  This means that you may not need to apply for Probate or complete inheritance tax forms.     What’s an Excepted Estate? An excepted estate is one where you don’t need to report to HMRC and the Probate Registry about how much someone’s estate was worth after they died.  If you don’t need probate, then you don’t need to complete IHT forms and you are likely to be an excepted estate. We have another [...]

What if there’s no Will? Intestacy Rules

What if there’s no will? A guide to intestacy rules What are intestacy rules? How do they apply? Most of us know that we should probably have a will. Research from Canada Life Ltd suggests that 59% of us, or 31 million people, don’t have one. Families and friends have nothing written down about what should happen to our estate after we pass away.   If someone dies without leaving a will, then the estate is known as Intestate.   If there’s no will, Intestacy Rules apply in England and Wales. This article gives an overview of the rules and processes. [...]

Go to Top