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: will

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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