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The Heritage Will Writing Blog

Does a Mortgage Die with You?

By Heritage Will Writing / 21st May 2018

Mortgage may literally mean death pledge, in a medieval concoction of Latin and Old French, but it doesn’t go away when you die. Some lenders are happy to suspend repayments while personal representatives wait for the grant of probate. But be aware that some companies do insist on receiving their monthly instalments regardless of the…

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One Bill that doesn’t have to be Paid following Death

By Heritage Will Writing / 1st May 2018

Dying certainly costs a lot of money but there is a glimmer of good news. Council tax ceases to be due from the date of death. It’s also not charged on empty homes until six months after probate is granted. So it’s important to notify the local authority as soon as possible, especially if there…

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Why is My Jewellery not Worth What it’s Worth?

By Heritage Will Writing / 26th March 2018

How much your jewellery is worth depends on who’s asking. For insurance purposes, the value is the replacement cost. But that price is not used for the purposes of probate. Searching the market place for an identical item or paying to have it re-made will cost considerably more than the price the buyer would pay.…

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What Happens to a Dead Person’s Car?

By Heritage Will Writing / 14th March 2018

Something that may catch many people out is the need to re-tax a car that you inherit when, say, a parent has died. Most of us know that we would need insurance. But some may not be aware that the DVLA changed its rules when vehicle tax discs were abolished in 2014. Tax used to…

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Why You may have to Pay Rent after Your Death

By Heritage Will Writing / 27th February 2018

It may appear a tad unfair but you can still be charged rent on your home after you have died. There may be a requirement for a month’s notice, for example, in the contract. Who pays that? Well, you do. Or at least it comes out of your estate. If you are an executor or…

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Success Following our First Will Writing Seminar

By Heritage Will Writing / 23rd February 2018

Our “Right Money Right People Right Time” seminar was held on Wednesday 21st February, at the Macdonald Botley Hotel and Spa and extremely well received. We’d like to thank everyone who took the time to attend and we hope you found it useful. Covering important subjects ranging from will drafting, Lasting Powers of Attorneys, Inheritance…

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Valuing a Dead Person’s Stocks and Shares

By Heritage Will Writing / 14th February 2018

You can while away a good hour on Google and still not fully understand the subtle and, frankly, irrelevant difference between the terms ‘stocks’ and ‘shares’. Let’s just refer to those pieces of paper as share certificates. But, of course, even that has complications in this modern world. Many companies don’t actually issue paper certificates…

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Claiming Outstanding Wages and Closing Pension Policies

By Heritage Will Writing / 6th February 2018

Whether you use a pad of Basildon Bond and a fountain pen or Microsoft Word and a laser pen, there’s certainly a lot of letter writing involved when administering the estate of someone who has died. If the deceased was working, write to the employer and enclose a copy of the death certificate. Firms usually…

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Tracing Premium Bonds and Bank Accounts

By Adam Johnson / 15th January 2018

Premium Bonds, unlike bank and building society accounts, can easily slip through the net when you are sorting out the effects of someone who has died. Perhaps they were a long-forgotten childhood birthday present tucked away in a dusty corner many decades earlier. Thankfully, National Savings and Investments (NS&I) runs a free tracing service. Visit…

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Opening a Bank Account For a Dead Person

By Adam Johnson / 2nd January 2018

Among the many first things that need doing following a death is for a bank account to be opened on behalf of the estate. That should be done by the principal representative, be it an executor or an administrator, who has the legal right to dispose of the deceased’s money and property. It’s best to…

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