Should death notifications be ‘guidance’ or ‘mandated’ in Consumer Duty
By Luke Cheadle, Head of UK Operations for The Estate Registry It is now more than two years ago that the Financial Conduct Authority (FCA) finalised its guidance on Consumer Duty to set a new benchmark for retail financial services customers. The rules came into play on 31 July 2024, from which time firms need […]
What impact can effective death notifications have on brand advocacy?
A ‘brand’ is defined officially (in Websters Dictionary) in very simple terms as a class of goods identified by name as the product of a single firm or manufacturer. It is also a ‘characteristic’ or ‘distinctive kind’. In marketing terms, a brand does indeed convey the characteristics of a product or service, something in which […]
Special Considerations for Inheriting Retirement Accounts
Inheriting a retirement account can be a financial boon, but it comes with specific rules and considerations that can impact the value and accessibility of the funds. Whether you inherit an IRA, 401(k), or another retirement account, understanding these considerations can help you make informed decisions and maximize the benefits. Types of Retirement Accounts The […]
Trusts Explained: Living Trusts vs. Other Common Types
Trusts play a crucial role in estate planning by offering a way to protect assets, minimize taxes, and ensure that your wealth is distributed according to your wishes, both during your lifetime and after your passing. Trusts are essential tools in estate planning that offer flexibility and control over the distribution of assets. Understanding the […]
What Customer Service? Companies Should Treat the Bereaved with More Compassion
The subject of an organisation or establishment’s insensitivity in dealing with people who have recently lost a loved one is once again in the media after the television presenter Kate Garraway had to resort to social media to ask Harringay council for help after several failed attempts to speak to someone about its payment demands […]
Inheritance Rights: What Happens If There’s No Will
When a person passes away without a will, they are said to have died intestate. This situation can complicate the inheritance process and often leads to unintended consequences. Understanding inheritance rights and the laws that govern intestate succession is crucial for ensuring the proper distribution of assets to the rightful heirs. The Importance of a […]
When to Update Your Estate Plan: Life Changes and Important Timeframes
Your estate plan is a vital set of documents that outlines how you want your assets and belongings distributed after your passing. It can also address essential matters like healthcare decisions and guardianship of minor children. However, life isn’t static, and a plan created years ago may not accurately reflect your current wishes or circumstances. […]
The Role of Executors and Administrators in Probate
When a person dies, their estate often goes through a legal process called probate. Probate ensures the deceased’s debts are settled, and their remaining property is distributed according to their wishes (if there’s a will) or state laws. At the center of probate are two key figures: the executor and the administrator. What is an […]
Should You Access Your Inheritance Early?
The Pros and Cons of an Inheritance Advance When someone passes away, the distribution of their estate through probate can be a lengthy process. If you’re a beneficiary waiting on your inheritance, the time it takes to receive those funds can cause frustration, especially if you have immediate financial needs. An inheritance advance offers a […]
The InheritNOW Process
Settling an estate can be a long and stressful process. If you’re considering an Inheritance Advance, you may be wondering if it will add to the headaches. Thankfully, InheritNow handles most of the heavy lifting, making the process efficient, easy, and fast. Getting Everything Together To get started, fill out your name and contact information […]