The Argentine football icon, Diego Maradona, passed away in November after suffering a heart attack at the age of 60. Maradona’s passing has caused speculation about his wealth and complicated financial legacy, as it’s been suspected that he passed away without a Will.

In February 2020, the heartbreaking news broke that Caroline Flack, the popular TV and radio presenter, best known for presenting Love Island, sadly took her life at the age of 40.

It’s a thought no one enjoys pondering, but what would happen if we fell ill or had an accident and were unable to make important decisions for ourselves? Many people believe this only applies as we get older, however, no one is immune to an unfortunate circumstance, which makes it all the more important to think about and plan for sooner rather than later.

As of September 2020, the Wills Act 1837 will be amended to allow the two Will witnesses to be virtually or physically present.

It’s no secret - the Coronavirus (COVID-19) pandemic has posed several challenges to almost every aspect of our lives. The Wills and probate industry is no exception.

The number of gifts left to charities in Wills each year is set to increase from 120,000 to 200,000 by 2045, reaching a value of £10 billion. This is due to various factors including increases in deaths, more individuals leaving behind Wills and a higher proportion of people leaving gifts in their Will, according to a report by Legacy Foresight.

Recent research highlights the increasing likelihood of disputes over inheritance. According to Direct Line Life Insurance, 12.6 million British adults would be prepared to dispute a Will and go to court if they disagreed with the division of their relative’s estate. On average, 22% of UK residents would contest a loved one’s Will, 13% would be willing to contest their parent’s Will, and 11% would contest their partner’s Will*.

On Monday 14th October the Secretary of State for Justice, Robert Buckland, announced that the proposal to dramatically increase probate fees will be withdrawn after months of awaiting parliamentary approval.

A recent report by the Taxpayers’ Alliance projects that the government will receive £5.35 billion in Inheritance Tax from grieving relatives in the 2019 to 2020 tax year. This is the highest amount of Inheritance Tax ever collected in by the government and it’s predicted to keep growing.