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26 07, 2017

Probate fee increase is resurrected.

Probate fees, charged when a person is given authority to deal with someone’s estate after they die, could be increased to fund the courts service Ministers may proceed with controversial plans to increase probate fees by up to £20,000, experts warn today. Charity and legacy specialists say that they are concerned that the plans, dubbed [...]

26 07, 2017

Ways to Deal with Grief

Although everyone grieves in their own way, here’s a few ideas to help you to cope with a loss. Spend time with people who knew the deceased  Other people who knew the person who died will be grieving too, and can relate to how you are feeling. They can also talk with you about the [...]

10 07, 2017

Lifetime Trustees: What You May Need to Specify in Your Will if You Have a Child Under 18

When writing your last will and testament, if a beneficiary is under the age of 18, there’s a few steps you will have to go through to make sure you have covered everything you need to, to ensure the child gets what they are promised in the will. If the beneficiary is your child, it [...]

15 06, 2017

Why you need a Health and Welfare Lasting Power of Attorney (LPA).

If an assessed person lacks capacity, only an attorney or deputy appointed under a Lasting Power of Attorney Health and Welfare will be allowed by the NHS to challenge decisions through the NHS review procedure. If family, including spouses, who are not attorneys or deputies want to challenge the NHS decision, the NHS will in [...]

8 06, 2017

Tips for tax planning

Uncertainty is the name of the game so far during this tax year, with post Budget u-turns and a rushed pre-election Finance Act losing the majority of the government’s proposed tax changes. Those proposals include the: reduction of the dividend allowance from £5,000 to £2,000, making tax digital legislation, the introduction of deemed domicile for [...]

18 05, 2017

Old documents can be very valuable

The Personal Representatives (PRs) of a surviving spouse must claim the transferable NRBs. Transferable NRBs will not be given automatically. The claim must be made within 2 years of the death of the second to die. The claim is made by the form IHT402 which is sent to HMRC together with the IHT400. The following [...]

3 05, 2017

Avoiding Care Fees

Many of you will have seen the recent article from the BBC regarding the use of Trusts for the primary reason of avoiding care fees. This relates to a particular company actively promoting a specific type of trust advertised explicitly for the avoidance of care fees. You should be aware that if there is clear evidence [...]

2 05, 2017

Fundamentals of the Residential Nil Rate Band (RNRB)

  How much is available? 2017-2018          £100,000 2018-2019          £125,000 2019-2020          £150,000 2020-2021          £175,000 The Residence Nil Rate Band (RNRB) was introduced on 7th April 2017 and will be phased in over 4 years with the full £175k allowance available by April 2020. These are the maximum allowances and the available allowance will be reduced if [...]

25 04, 2017

How to Get Help With Funeral Costs

The average funeral now costs nearly four thousand pounds, and the costs of burial, cremation and funeral director’s services have nearly doubled in the last quarter of a century. While it’s unpleasant to even think about planning for your own funeral or that of a friend or family member, there are programs out there that [...]

23 04, 2017

Probate fees increase abandoned

BREAKING NEWS - Proposed probate fee increases scrapped The Government’s decision to change the flat-rate probate fee to a tiered system based on the value of the estate has been scrapped following an announcement by the Ministry of Justice (MoJ) in the last few days. The proposed fee changes, which could have seen the cost of [...]

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