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 »

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 »

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

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 »

Posted in Choosing an Executor, Useful information when writing a will | Tagged , , , , , , , , , | Leave a comment

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 »

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

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 »

Posted in Choosing an Executor, Probate News, Useful information when writing a will | Tagged , , , , , | Leave a comment