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: Useful information when writing a will

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 »

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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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Lasting Power of Attorney

A Lasting Power of Attorney (LPA) is a legal document that allows you (the Donor) to nominate a person you trust (the Attorney) to handle all your affairs in the event that you are unable to due to mental incapacity. … Find out more »

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The importance of reviewing your will

Once you have written your will it should be reviewed in the following circumstances: – if you receive a large sum of cash – if a close family member dies – upon marriage – upon retirement – the birth of … Find out more »

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Duties of an Executor

The duties of an Executor are extensive and it is therefore important to think carefully about who would be best placed to act as an Executor to your Will.  We have put together a simplified list below in order to guide you … Find out more »

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The importance of writing a will

If you die without having a valid will in place, you are deemed to have died intestate. This means that your assets will be divided up according to statute rather than to your wishes. Under the rules of intestacy Partners … Find out more »

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Bank’s Executor Fees

Did you know that you (as a beneficiary) can ask a bank to stand down from acting as Executor to a will if it is felt that the fees are too high? Banks can demand very high fees for executing … Find out more »

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