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 »

Category Archives: Recent Press

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

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

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 »

Posted in Probate News, Recent Press | Leave a comment

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

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 »

Posted in Recent Press | Leave a comment

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 »

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

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 »

Posted in Lasting power of attorney, 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

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 »

Posted in Probate News, Recent Press | Leave a comment