20.02.18

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 »

15.02.18

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 »

Category Archives: Help with bereavement

Banks to raise limits on how much cash can be released without probate

Britain’s biggest banks are increasing the amount of money they will release from customers’ accounts to bereaved relatives without them first having to apply for probate. When someone dies, banks and building societies will typically freeze their accounts until the … Find out more »

Posted in Help with bereavement, Probate News, Recent Press | Leave a comment

News from The Probate Practice Survey

Probate is something people have to deal with at a difficult time in their lives, having just lost a loved one. But very few people actually have any experience of it. The Probate Practice surveyed 1,000 people online to discover … Find out more »

Posted in Help with bereavement, Lasting power of attorney, Recent Press, The importance of writing a will, will writing | Leave a comment