Posts Taggedproperty law Beaconsfield

Wills & Probate: Dealing with Property

October 17, 2016  |   Posted by :   |   Blog

A person’s estate comprises finances (money, investments and savings), businesses, property and possessions, all of which should be detailed in their will. A person’s liabilities will also need to be considered after their death, including any outstanding debts, such as a mortgage. In many cases, property is the main asset left in a person’s will, and often falls into both categories: as both an asset and a liability. Assets (and liabilities) usually pass on to living relations and friends via a person’s will. If there is no will, the estate will be subject to intestacy rules (which is why it’s important to keep an up-to-date will, especially if you’ve had any ...


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