Probate fees will increase to £273 per application from 26 January 2022, it has been confirmed.
Contrary to popular opinion (and Hollywood theatrics), it is rare for an executor to call beneficiaries to a formal meeting to discuss the contents of a Will. In reality, the process is much more informal.
Just four in 10 adults who own property have written a Will, a major study has revealed.
A ‘holograph Will’ has been thrown out of court after a beneficiary named in a previous Will alleged foul play.
The case – which was heard by the High Court of England and Wales in March – centres around the Last Will and Testament of Robert Whalley, a former British naval officer and Professor at the British University in Dubai and Loughborough University.
Legal experts are warning families to keep track of digital assets or risk “losing them forever”.
The report comes after it was revealed that billions of pounds in digital assets, such as cryptocurrency and non-fungible tokens, could go unclaimed should the owner die without reporting them as part of their estate.