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Trusts can be a mystery to many people, often with a notion that they promise unlimited benefits for estate planning and asset protection purposes.
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Challenging Intestacy and Inheritance Act claims may occur when immediate family or anyone who may be considered as such feels they have been wrongly omitted from a will.
If you believe that you have been wrongly left out of a will, have not inherited as a result of intestacy (dying without a will) or the financial provision within the will does not adequately support you, then you may be able to make a claim under the Inheritance Act 1975.
In the event that a claim of this nature is successful, it allows the Court to redistribute the estate and vary the entitlement under the will or intestacy rules.
The following individuals will potentially be eligible to make a claim under rules of inheritance:
A claim of this nature can only be made up to 6 months from the grant of probate or letters of administration (subject to certain exceptions). Therefore if you believe you are eligible to make such a claim, it is essential you consult with a legal advisor as soon as possible to protect your position.
Trusts can be a mystery to many people, often with a notion that they promise unlimited benefits for estate planning and asset protection purposes.
In Series 2, Episode 1 of the #TVLawyer Podcast, Melinda Giles speaks to fellow Giles Wilson Partner and Private Client specialist Caroline Woodham about the changes to Inheritance Tax law after the Autumn Budget 2024 was announced in November.
With Powers of Attorney you are giving power to someone to make decisions about everything about you if you don’t want to or can’t make those decisions yourself.
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