Summer 2023

More documents

Info

Your financial needs taken care of under one roof ~ We specialise in providing high quality bespoke advice and planning to individuals, families, trustees and businesses. Call 01580 211 211 or email burfieldshousewm@sjpp.co.uk www.burfieldshousewm.co.uk George Cottage, High Street, Cranbrook, TN17 3DF Burfields House Wealth Management Ltd is an Appointed Representative of and represents only St. James’s Place Wealth Management plc (which is authorised and regulated by the Financial Conduct Authority) for the purpose of advising solely on the group’s wealth management products and services, more details of which are set out on the group’s website www.sjp.co.uk/product. The titles ‘Partner’ and ‘Partner Practice’ are marketing terms used to describe St.James’s Place representatives. SJP Approved 20/04/2023 38 The Cake • Summer 2022
LEGAL ADVICE Ask our Friendly Experts I have been notified that I am an executor under the will of a relative or friend who has recently passed away. What do I do? An executor is a person named in the will of the deceased who is responsible for carrying out the deceased’s instructions, administering the estate properly and ultimately ensuring that the estate is divided in accordance with the will’s provisions. Being an executor is an onerous task in light of the duties and responsibilities afforded to you, and the deceased would likely have appointed you on the basis that they felt that they trusted you and that you would be willing to take on the responsibility of the role. As an executor, you have a number of responsibilities, which include, but are not limited, to: • Notifying government organisations of the death, either by contacting the organisations (e.g. DWP, HMRC, the local council) individually, or by ‘mass’ notification using the Tell Us Once service, details of which will be provided by the registrar to whomever registers the death • Attending to the funeral arrangements (although in certain circumstances it may be more appropriate for a close family member or friend to see to the arrangements depending on your connection to the deceased); the deceased may have indicated any funeral wishes “If you are appointed to act as an executor of an estate, then you may wish to undertake the administration yourself and choose not to instruct professionals to act on your behalf” in their will, so it would be wise to check this • Ensuring any property owned by the deceased is secured and appropriate insurance cover is in place as soon as possible after the death • Ascertaining all assets and liabilities in the deceased’s name and obtaining appropriate valuations • Reporting to HMRC, if required, in respect of inheritance tax and ensuring that any tax due is settled • Applying for a Grant of Probate, to give you the legal authority to collect in assets and settle liabilities – a Grant of Probate may not be needed in all circumstances, but you should check with the individual asset holders if they require a grant before they can close the accounts • Collecting in the assets and settling the liabilities, together with ensuring that the deceased’s personal tax affairs are finalised to the date of their death, and for the period of the estate administration if income has been generated during this time • Distributing the estate in accordance with the terms of the deceased’s will. If you are appointed to act as an executor of an estate, then you may wish to undertake the administration yourself and choose not to instruct professionals to act on your behalf. While this is an option available to you, we would advise that you consider carefully before deciding to conduct the administration of the estate yourself, particularly if there is a complex will or a complex estate, ongoing trusts or where entitlements under a will are in dispute. We understand that suffering a bereavement is a distressing time for everyone involved and the penalties involved in the administration of an estate should you quite innocently fail to perform your duties are extreme and accountable to you personally. We would therefore urge you to give serious consideration to using an independent professional, like ourselves, to assist you. If you require any advice or assistance in this regard, please do not hesitate to contact us. AMY TURNER-IVES 01892 502 396 01580 712 215 info@bussmurton.co.uk – quote Cake Magazin Clermont House, High Street, Cranbrook, TN17 3DN 01580 712 215 or info@ bussmurton.co.uk www.bussmurton.co.uk The Cake • Summer 2023 39
Page 1 and 2: Tasty local stories, published by C
Page 3: Published by Cranbrook and Sissingh
Page 6 and 7: letters www.bussmurton.co.uk | T: 0
Page 8 and 9: DEVELOPMENT NEWS Berkeley - Turnden
Page 10 and 11: LOCAL NEWS News Car Wars! While it
Page 12 and 13: LOCAL NEWS CRANBROOK VISITOR INFORM
Page 14 and 15: EVENT NEWS Big Help Out Coronation
Page 16 and 17: EVENT NEWS Lambing weekend at Snowf
Page 18 and 19: WELLBEING Wealden Men’s Shed (Cra
Page 20 and 21: Larchmere House is set in the prett
Page 22 and 23: LOCAL POLITICS Boundary Commission
Page 24 and 25: Improve, Don’t Move! Maximise the
Page 26 and 27: OUT & ABOUT Almost everyone you see
Page 28 and 29: Charity Farm Countrystore Swattende
Page 30 and 31: Call Cranbrook 01580 715 904 Call A
Page 32 and 33: 32 The Cake • Summer 2023 High St
Page 34 and 35: BADGER’S PLOT and prepared for a
Page 36 and 37: Whatever you want to store... ...fo
Page 40 and 41: Update Parish Council Annual Report
Page 42 and 43: THE CAKE MEETS... Carol Gower The C
Page 44: Local firm of solicitors for all yo

Summer 2023

Create successful ePaper yourself

Delete template?

Save as template?