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: Recent Press

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 »

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Probate Court Fees

Beneficiaries of estates worth more than £2 million could be hit with a rise in probate fees from £215 to £20,000 in a move to shift the burden from the middle classes to “the very wealthiest”. In plans aimed at … Find out more »

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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 »

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Women losing the Tax-planning battle

Women lag far behind men when it comes to reducing the amount of tax they pay each year, with just 1 in 15 women taking action to reduce their tax bill compared to 1 in 5 men. Research from Prudential … Find out more »

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Probate & Wills Industry News Round-up

As a monthly round-up of news in the Probate & Wills industry we have selected the following articles and stories. They all show the need to stay fully up to date with legislation and news in the industry to ensure … Find out more »

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Power of Attorney – Delays in LPA Applications

There are more long delays in processing LPA (Lasting Power of Attorney) applications it has been revealed this week. England’s Office of the Public Guardian is currently taking an average of 14 weeks to process applications to register lasting powers … Find out more »

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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 »

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Amongst the first accountants to become Probate qualified

We are pleased to announce that the directors of The Probate Practice, Joel Newman and Joel Weitzman are both amongst the first Chartered Accountants in the country to have qualified to provide probate services. This comes off the back of … Find out more »

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September press

Please click on the links below to read the latest press pieces for The Probate Practice. The Probate Practice press piece Ham & High Sept Jewish Chronicle Probate Practice Press Piece

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