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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 [...]

3 01, 2018

HOW TO DONATE YOUR BODY FOR RESEARCH

Donating your body to a medical school is a valuable gift - your donation will become an important resource for training healthcare professionals or for research. The Human Tissue Authority (HTA) does not collect or receive bodies or other human materials, but they license and inspect the organisations that do. Find a licensed medical school [...]

3 01, 2018

BODY DONATION: A bequest might not be accepted.

Among other considerations, the cause of death itself or a post mortem examination could have made the body unsuitable for anatomical examination. If the donation cannot be accepted, responsibility for burial or cremation rests with the executors or next of kin. There is no upper age limit for bequeathing a body. Although not absolute, the [...]

29 11, 2017

BUSINESS OWNERS – HOW DOES GDPR AFFECT YOUR BUSINESS

Many businesses, particularly smaller businesses are still rather confused about the new General Data Protection Regulation (GDPR) and specifically, how it will affect them. GDPR IN A NUTSHELL GDPR comes into force from May 2018 and is essentially about increased control and security of the personal data you hold as a business. Many of the existing [...]

9 10, 2017

What to Wear to a Funeral

Hopefully you won’t be attending funerals regularly, so you might not be sure what to wear when you do go to one. If you’re planning a funeral, you might be tempted to set a dress code, or encourage guests to wear what makes them feel comfortable. You might be going to a non-traditional funeral for [...]

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