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: Uncategorized

Will Deeds of Variation survive the new government?

The government has recently announced a consultation into Deeds of Variation over concerns that the process can be used wrongly to avoid tax. Deeds of variation have been a longstanding legal device to correct perceived mistakes and out-dated clauses within … Find out more »

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Cost of Probate set to plummet thanks to Accountants!

Last week The Telegraph published an article looking at how the cost of executing a will is set to fall after accountants, such as ourselves here at The Probate Practice, start to offer probate services. From next month, chartered accountants can apply to … Find out more »

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Probate & Will News from our Survey

If you’re a boyo in Wales, it seems as though you are more unforgiving than a bloke in London with what you are left in a will. 42% of men in Wales said they did not want to be left … Find out more »

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Probate Practice News – LPA does not legally exist until registered

The England and Wales Court of Protection has ruled that a lasting power of attorney (LPA) is legally created only when it is registered by the Public Guardian, not when it is executed by the donor. The decision – made … Find out more »

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More News from our Probate Practice Survey

Choosing someone to handle probate on your behalf seems to be no different than any other consumer purchase, with cost being the driving factor. According to a survey carried out the Probate Practice, nearly six out of ten people cited … Find out more »

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Growing Importance of the Digital Legacy

Joel Weitzman, Director of The Probate Practice shares some of his thoughts and recent commentary on the growing importance of digital legacies: Testators are increasingly being advised to leave clear instructions about their ‘digital legacies’ after their death.The latest organisation … Find out more »

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New Probate Practice packs sent to Industry contacts

Today industry contacts identified by The Probate Practice will receive our new sales packs. Our express aim is to widen and deepen our connections within the industry to develop mutually beneficial relatoinships, and uultimately to provide the very best service … Find out more »

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Daily Mail feature for our Survey

This morning saw the Daily Mail publish a story online about The Probate Practice’s recent survey into Wills, Probate and items people would most like to/least like to inherit. The top five items people would NOT want to inherit are: … Find out more »

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Recent case shows LPA benefit

A recent court case in Manchester serves as a reminder of the benefit of preparing a LPA for not just yourself but your entire family. A woman who sold her incapacitated mother’s house without legal authority and bought a smaller home … Find out more »

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