The Legal Services Consumer Panel has called for probate and estate administration services in England and Wales to be regulated and made reserved activities. The Consumer Panel has suggested that the proposed regulatory regime for probate and estate administration services should include suitability checks on individuals, including criminal record
Thursday, 05 July 2012
Artist’s estate in court battle
The estate of the late American artist, Thomas Kinkade, has become embroiled in a court battle, as his widow and girlfriend argue over the validity of two handwritten wills. According to the Daily Mail , Thomas Kinkade died of an accidental overdose earlier this year, leaving behind an estate worth an estimated $60 million. At the time of his death...
A former farmer, who lived as a seemingly impoverished recluse in a caravan, has left a generous legacy to his local church, reports the Daily Mail . Maurice John Young died in 2010 at the age of 81, and had no wife or children. After his death, it was revealed that he had left £60,000 to the church where he and both his parents are buried. Accordi
Recently released probate records have revealed that the actress Susannah York, who died last year, left an estate worth around £2.7 million, reports the Daily Mail . Miss York began working as an actress during the 1960s, and was best known for her roles in Battle of Britain and They Shoot Horses, Don’t They? The majority of her estate was left to
HMRC carried out over 9,000 inheritance tax (IHT) valuations during 2010, according to research by accountancy firm UHY Hacker Young. These investigations raised an additional £70 million for the tax man, at an average cost of an extra £24,600 in tax per undervalued estate.