Following the death of music superstar Prince, speculation has been growing in the media over the size of the estate Prince left behind, and whether or not he had written a will.
When someone dies, the person appointed to administer their estate is known as an executor. An executor is often a family member or an executry solicitor, and is usually either appointed in the deceased’s will or by the court.
A legal battle has erupted over the question of who should pay the tax burden due on the estate left by author Tom Clancy, reports the Wall Street Journal.
A recent survey from America has looked at estate planning activities of the wealthy, to determine how prepared they are to ensure the security and succession of their family’s wealth.
A new protocol designed to ease the administrative burden on family members in England who suffer a bereavement has been agreed by the British Bankers' Association (BBA), the Law Society and the Society of Trust and Estate Practitioners (STEP).