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19 10, 2018

BEWARE ON-LINE WILL KITS.

A recent report confirmed that following a complaint to the Advertising Standards Agency (ASA) a DIY Probate Pack’s Permanent Sale should be cancelled. In a time of austerity, with more people looking for ways to save money, after life planning resources like DIY Wills and DIY probate services have been on the increase. One online [...]

5 10, 2018

More legal challenges to Estate Planning, Wills, Pensions and Trusts.

Theresa May has announced that heterosexual couples in England and Wales can now legally enter into a civil partnership rather than marriage. For many, the institution of marriage represents gender inequality. For years the idea of dowries involved in marriage portrayed women as property being handed from father to husband. The thought of entering an [...]

24 08, 2018

The debate continues – to by-pass or not to by-pass?

Bypass trusts - following the changes to regulations in recent years, are they still providing value and benefits for estate planning. Given this flexibility to pay pension scheme death benefits through the generations, the question arises to whether there is still a need for the member to set up a pilot discretionary trust during their [...]

9 08, 2018

What happens to the house when someone dies?

One question that we frequently get asked is “What happens to a property when someone dies?” and it’s important that you understand the answer if you are administering a deceased person’s estate. This informative blog post looks at who is responsible for the property when an owner dies, what happens to the property and what [...]

15 03, 2018

KEEPING FAMILY WEALTH IN THE FAMILY

Total inter-generational wealth between family members from 2012 to 2014 increased from £49bn to £59bn. As wealth has increased, property prices have risen and net financial household wealth has increased by 172% between 1995 and 2015 from £1.6 trillion to £4.3 trillion (source: ONS). With this increase in asset value, estate planning is becoming more [...]

28 02, 2018

Deed of Family Arrangement

The difficulty faced by many is that Wills are only revisited from time to time, meaning that they can prove to be less tax efficient than anticipated when drafted. Family circumstances may also have changed, such that the Will is not as relevant as it may once have been. Deeds of Variation can be entered [...]

5 02, 2018

CLAIM YOUR LPA REFUND

Individuals who applied for a lasting power of attorney (LPA) or enduring power of attorney between 1 April 2013 and 31 March 2017 can now claim a partial refund of up to £54 per LPA. A lasting power of attorney document enables you to appoint trusted individuals to make decisions on your behalf if you [...]

30 01, 2018

What is the Inheritance Tax Residence Nil Rate Band

Since the arrival of the Residence Nil Rate Band (RNRB) in April last year, there is still a lot of misconception as to how it works and how you can benefit from it. The RNRB is an additional allowance for inheritance tax. It applies in addition to the existing IHT Nil Rate Band (NRB), which [...]

9 01, 2018

Have you recently suffered a bereavement?

Dealing with someone’s affairs when they die can be complicated and confusing, especially at a difficult and emotional time. We can help support you and provide direction to administer your friend or loved ones estate. Whether you need some advice on what steps you need to take in order to deal with the estate of [...]

9 01, 2018

Consequences of Marriage and Divorce on Wills

Many people do not realize that a will is normally automatically revoked by marriage. This is the result of an old law which originally goes back to 1837 when married women had very few rights, and was designed to ensure that a new wife was not left destitute if her husband died. The will is [...]

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