24.07.19

Inheritance Tax is too complicated. It needs to be simplified

Inheritance Tax (IHT) has been described as ‘fiendishly complex’. A new report by the Office of Tax Simplification (OTS) offers 11 recommendations for simplifying it. When even the chancellor describes a tax as “particularly complex”, it’s a sure sign it … Find out more »

09.07.19

Step-sisters’ inheritance hangs on whose parent died first

Which of two step-sisters receives a £300,000 inheritance rests on a judge’s opinion of whose parent died first, in a cautionary tale for parents yet to draft a Will. In October 2016, John Scarle, 79, and Ann Scarle, 69, both … Find out more »

From the Blog

Inheritance Tax is too complicated. It needs to be simplified

Inheritance Tax (IHT) has been described as ‘fiendishly complex’. A new report by the Office of Tax Simplification (OTS) offers 11 recommendations for simplifying it. When even the chancellor describes a tax as “particularly complex”, it’s a sure sign it … Find out more »

Posted in Inheritance Tax, Probate News | Leave a comment

Step-sisters’ inheritance hangs on whose parent died first

Which of two step-sisters receives a £300,000 inheritance rests on a judge’s opinion of whose parent died first, in a cautionary tale for parents yet to draft a Will. In October 2016, John Scarle, 79, and Ann Scarle, 69, both … Find out more »

Posted in Recent Press, The importance of writing a will, will writing | Leave a comment

Delays of up to 12 weeks as probate moves online

Since the introduction of the new online system, grants of probate are taking up to twelve weeks to finalise. When comparing this with the usual ten day turn around, it can’t be deemed entirely successful. This issue comes as higher … Find out more »

Posted in Recent Press | Leave a comment

Research suggests 70% of individuals ‘unaware of inheritance tax nil-rate band’

Research carried out by Canada Life has suggested that a significant amount of individuals ‘do not know the threshold’ for the standard inheritance tax (IHT) nil-rate band. Canada Life found that 70% of those surveyed did not know the standard … Find out more »

Posted in Probate News | Tagged , | Leave a comment

Chancellor commissions OTS to review inheritance tax rules

Chancellor Philip Hammond has commissioned the Office of Tax Simplification (OTS) to review the UK’s inheritance tax (IHT) regime, and outline ways in which the tax can be simplified. In a letter to Angela Knight, Chair of the OTS, and … Find out more »

Posted in Probate News | Leave a comment

A Digital Death

The internet has grown fast over the past two decades – nearly as fast as those pesky Pokémon pop up – and unsurprisingly the law has struggled to keep pace with all the challenges this creates. In the pre-internet age, … Find out more »

Posted in Probate News, The importance of writing a will | Leave a comment

Increase in Probate Fees

With all the news surrounding Brexit you may have not read that the government is proposing a new tiered system of probate fees in England and Wales, based on the value of the deceased’s estate, rather than the current flat … Find out more »

Posted in Probate News, The importance of writing a will | Leave a comment

When all around are losing their heads…

Whether you were for “out” or for “in”, the vote for Brexit has certainly stirred up a torrent of uncertainty in the world.  Not only has Britain become divided and Europe shocked, even the South Korean Government and their stock … Find out more »

Posted in Probate News | Leave a comment

Local Citizens advice offices report increase in queries on intestate wills

The Citizens Advice Bureau have reported that the number of queries on intestate wills – which is the term for those of us who die without making a will – has doubled in number over the last 5 years. The … Find out more »

Posted in Choosing an Executor, Lasting power of attorney, Probate News, The importance of writing a will, Useful information when writing a will, will writing | Leave a comment

Change of the Law in Inheritance Tax ..

A change in the law around Inheritance Tax is a timely reminder to people – and their professional advisers – about the importance of reviewing their affairs regularly. Inheritance tax is always a tricky issue and now people are being … Find out more »

Posted in Probate News, Recent Press, The importance of writing a will, Useful information when writing a will | Leave a comment