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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 [...]

28 09, 2017

Just another hurdle from HMRC

If you’ve agreed to be a trustee – beware! So, your best friend or family member has asked if you would be an executor in their will. This usually includes duties as a trustee, especially where children are involved and their legacy is to be held in trust. Well here you have to be careful. [...]

27 09, 2017

Did you wonder why your IFA (financial adviser) does a risk profile for you?

Risk profiling is fraught with misunderstandings that lead to ill-advised approaches to determining investment suitability. Risk tolerance reflects the level of risk which should be delivered for a client over the long term. Behavioural risk attitudes, in contrast, should not be mistaken for risk tolerance. They are not attitudes we should want in the driver’s seat [...]

22 09, 2017

Executors beware – What you will need to know to claim the additional Residence Nil Rate Band IHT

When someone dies, the executor has many duties. One of them is to ensure that the full Inheritance Tax (IHT) allowances have been claimed. Although an additional nil rate band has been introduced, it has brought with it and additional layer of complexity.  Here’s an extract from one of the additional forms that are now [...]

4 09, 2017

Is a Property Protection Trust an option for you and your family?

A Property Protection Trust Will is a will designed to help protect an estate from potential future probate costs. It also helps ensure bloodline planning is achieved and removes any possible sideways inheritance issues through scenarios such as divorce. Such a trust will ring-fence property from creditors and remove it from possible assessment for long-term care [...]

24 08, 2017

Protect your business assets and limit IHT

Many couples draw up simple Wills whereby on the death of the first partner the whole of the estate passes to the survivor, and on second death to children or other family members. For someone who is not in a relationship often the estate is passed directly to children or other family members. Where the [...]

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