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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. Please [...]
End of Life Admin is Difficult
Research shows that 4 out of 5 people find end of life admin is difficult. More on the industry report below: Settld publishes bereavement industry report on End of Life Admin Tech Nation national winner, Settld, reveals end-of-life account angst for families across the UK. One of the most painful of all tasks linked with the death of a loved one is closing their accounts and subscriptions. In our survey, nearly 88% of people found it difficult or very difficult to do this. We also asked about how people were organising their own affairs. Respondents told us that their [...]
What is IHT205? Read our quick guide.
Losing someone close is difficult. But on top of grieving, there are legal issues to deal with. One of those legal requirements is the IHT205. What Is An IHT205 Form? An IHT205 is a form that must be sent to the probate registry when there is no inheritance tax to pay on an estate. There's no Inheritance Tax to pay if the estate is worth less than £325,000 for an individual, or below £1,000,000 if the estate was left to a spouse, civil partner, or charity. This rule applies if the person passed away after 6th April 2011 and had [...]
Maybe Insurers Could Offer an End-Of-Life Advice Service?
Could insurers offer end of life advice? Settld thinks insurers could offer an end of life advice service as an extra component of Life and Health policies. Many people find dealing with banks, subscription services etc extremely distressing. Motor policies have a typical legal package offered as a standalone extra. We think there's scope for an expert, professional end of life advice service with practical help online. Here’s some research from Settld. Settld's End of Life Admin Research Found: Nearly 90% of people find the process of contacting individual companies to close the accounts after someone died, difficult or [...]