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 »

Tag Archives: power of attorney

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 »

Posted in Useful information when writing a will | Tagged , , | 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