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Welcome to the Hethertons Solicitors Private Client Newswire

In this edition we look at a wide range of issues affecting your, your family and your life plans including:

  • Probate fees increase for beneficiaries
  • No-fault divorce – what could it mean for you?
  • Did you know beneficiaries can agree to change a Will?
  • Legal experts urge families to plan for the future
  • UK experiences surge in first-time home buyers despite rising prices

If you have any feedback on this latest edition or would like assistance from our team, please contact us.

Probate fees increase for beneficiaries


 

Probate fees have increased to £273 per application from 26 January 2022. The flat fee applies to both individuals and legal professionals, removing the probate practitioner discount.

Here’s what you need to know.

 
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No-fault divorce – What could it mean for you?


 

According to the latest industry research, less than one in 10 employees currently use shared parental leave.

Until now, if couples wanted to divorce without apportioning blame, they had to be separated for at least two years. This meant they could not fully disentangle their finances, re-marry or make a fresh start. As a result, their lives were left effectively in limbo.

 
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Did you know beneficiaries can agree to change a Will?


 

In the popular imagination, a Last Will and Testament is virtually synonymous with a person’s final say – an immutable document that cannot be changed or challenged.

However, that’s not quite true. Not only can a Will be challenged in certain circumstances, but the beneficiaries can also agree to change its provisions.

 
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Legal experts urge families to plan for the future


 

Legal experts are urging families to “break the stigma around death” and talk about planning for the future.

The report, published by Solicitors for the Elderly (SFE), comes after research revealed that less than half of adults in the UK have written a Will.

 
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UK experiences surge in first-time home buyers despite rising prices


 

There was good news for first-time home buyers in 2021, with numbers up by 35 per cent on the previous year.

Part of the reason was a knock-on effect caused by the stamp duty holiday in 2020, which meant more so-called ‘first rung’ homes came on the market as other buyers sought more space during lockdown and took advantage of low-cost borrowing.

 
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