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UK Trusts Overview for Estate Planning

UK Trusts Overview for Estate Planning

UK trusts hold assets for the benefit of others. They are widely used in estate planning to control how wealth passes, protect beneficiaries (including minors and vulnerable adults), and (in some cases) achieve IHT efficiency. Different trust types have different tax treatments under IHT,

16 Jun 2026 · 8 min read
UK Lifetime Gifting Strategies for IHT

UK Lifetime Gifting Strategies for IHT

Lifetime gifting moves wealth out of the IHT-taxable estate. Several exemptions allow gifts to be made immediately without IHT impact; potentially exempt transfers fall outside the estate after 7 years. Gifts out of normal expenditure from surplus income are exempt without time limit if

17 Jun 2026 · 9 min read
UK Estate Planning: The Complete Guide

UK Estate Planning: The Complete Guide

UK estate planning combines a will, lifetime gifts, trusts, and beneficiary nominations to pass wealth to chosen beneficiaries while managing inheritance tax. The IHT nil-rate band of GBP 325,000 and residence nil-rate band of up to GBP 175,000 are key allowances; the 40 percent IHT rate

16 Jun 2026 · 9 min read
UK Estate Planning by Net Worth Bracket

UK Estate Planning by Net Worth Bracket

Estate planning needs differ by net worth: estates well below the nil-rate bands need only a clear will and Power of Attorney; estates approaching or above the bands need active IHT planning; very large estates often use trusts and business reliefs. This article maps planning steps to

16 Jun 2026 · 9 min read
US-UK Estate Tax Treaty Explained for Migrants

US-UK Estate Tax Treaty Explained for Migrants

The 1978 US-UK estate and gift tax treaty allocates primary taxing rights between the two countries for cross-border estates and provides credit mechanisms to avoid double taxation. For US citizens in the UK and UK residents with US assets, the treaty interacts with the post-April 2025 UK residence

16 Jun 2026 · 8 min read
UK Will With Foreign Assets: What Migrants Need

UK Will With Foreign Assets: What Migrants Need

Migrants to the UK who own assets in two or more jurisdictions usually need a UK will alongside (or in coordination with) a will in the country of origin. UK formalities, executor eligibility, and revocation interactions are very different from foreign succession systems. A poorly drafted single wi

16 Jun 2026 · 8 min read
UK Probate Explained in 2026

UK Probate Explained in 2026

UK probate is the legal process of administering a deceased person's estate. The executor (with a will) or administrator (without) applies to the Probate Service for the formal authority to gather assets, pay debts and IHT, and distribute the estate. Most UK estates require probate where the deceas

16 Jun 2026 · 10 min read
UK Prepaid Funeral Plans Explained

UK Prepaid Funeral Plans Explained

A UK prepaid funeral plan locks in the cost of a defined funeral package today, with the provider holding the funds (in trust or insurance) until the funeral is needed. The market has been regulated by the FCA since 29 July 2022, materially strengthening consumer protection. Plans typically cover t

16 Jun 2026 · 7 min read
UK IHT Residence Nil-Rate Band Explained

UK IHT Residence Nil-Rate Band Explained

The residence nil-rate band is an additional UK IHT allowance of up to 175,000 pounds per individual where a qualifying main residence is left to direct descendants. It is in addition to the 325,000 pound standard nil-rate band. The band tapers away for estates over 2 million pounds and is subject

16 Jun 2026 · 10 min read
UK IHT Planning Strategies in 2026

UK IHT Planning Strategies in 2026

UK IHT planning combines lifetime exemptions, the seven-year rule on gifts, the nil-rate bands, business and charity reliefs, and life insurance to manage the eventual IHT charge. The post-April 2025 residence-based regime, the freeze of nil-rate bands, and the April 2026 reforms to Business Relief

16 Jun 2026 · 8 min read
UK IHT Nil-Rate Band Explained

UK IHT Nil-Rate Band Explained

The UK inheritance tax nil-rate band is the amount of an estate that passes free of IHT. The standard nil-rate band is currently 325,000 pounds per individual and has been frozen at this level for many years. Unused band is transferable between spouses and civil partners, doubling the effective thr

16 Jun 2026 · 11 min read
UK IHT 7-Year Rule on Gifts Explained

UK IHT 7-Year Rule on Gifts Explained

The seven-year rule is the UK IHT mechanism that determines whether a lifetime gift is exempt or chargeable. Gifts more than seven years before death are typically outside the estate. Gifts within seven years are added back, with taper relief reducing the IHT rate on gifts made between three and se

16 Jun 2026 · 10 min read
UK Funeral Costs Explained in 2026

UK Funeral Costs Explained in 2026

Average UK funeral costs in 2026 sit in the range of 4,000 to 5,500 pounds for a basic attended funeral, with substantial regional variation and a wide spread between direct cremation and full traditional service. State support is available in limited circumstances. Most families pay from the estat

16 Jun 2026 · 7 min read
Non-Dom IHT in the UK Explained After April 2025

Non-Dom IHT in the UK Explained After April 2025

From 6 April 2025, the UK abolished the non-dom inheritance tax regime and replaced it with a residence-based test. The old domicile concept no longer determines IHT exposure on worldwide assets; the new test is whether a person is a long-term UK resident, defined as UK-resident for 10 out of the p

16 Jun 2026 · 8 min read
Cross-Border IHT for UK Migrants

Cross-Border IHT for UK Migrants

Inheritance tax exposure for a UK migrant turns on long-term residence and the new residence-based IHT regime that took effect from 6 April 2025, replacing the old domicile concept. A migrant becomes a long-term UK resident (and therefore exposed to IHT on worldwide assets) after 10 out of the prec

16 Jun 2026 · 8 min read
Claim A Trust

Claim A Trust

The phrase "claim a trust" covers several very different situations. A young adult chasing the Child Trust Fund opened in their name as a baby has a...

16 Jun 2026 · 8 min read
Probate How Long Does It Take

Probate How Long Does It Take

Anyone administering a deceased person's estate quickly discovers that probate is not a single event but a series of overlapping stages.

16 Jun 2026 · 8 min read
How Long Can Probate Take

How Long Can Probate Take

"How long can probate take" is the question executors ask before they start the process, and again every few weeks once they have started.

16 Jun 2026 · 8 min read
Putting House In Trust

Putting House In Trust

"Putting a house in trust" is a phrase that covers several different legal arrangements, each with very different tax and practical consequences.

16 Jun 2026 · 9 min read
Average Estate Agent Fees

Average Estate Agent Fees

Estate agent fees are the largest single transaction cost in most UK house sales, but unlike stamp duty or Land Registry fees, they are negotiable.

16 Jun 2026 · 8 min read
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