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: The importance of writing a will

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

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

Lessons to be learnt from celebrity wills

Two-thirds of adults in the UK have not yet made a will, if you die without one, your assets will be divided according to the rules of Intestacy. These were updated last October, but it’s still the case that unmarried partners … Find out more »

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

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

News from The Probate Practice Survey

Three in ten people aged over 60 do not have a will, according to research carried out by the Probate Practice. Dying intestate (without a will) means that you have no say over what happens to your estate, ie the … Find out more »

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

The importance of considering your business in your will

If you own a business, careful consideration should be taken to ensure that your business is adequately provided for should you become seriously ill or die. It is important to draw up a Lasting Power of Attorney whereby you appoint … Find out more »

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