The new option of a Nominees' Drawdown Pension on death provides significantly increased flexibility, with the possibility of income payments to beneficiaries other than dependants, tax free on death before 75 and taxed at the recipient's marginal rate on death after 75. A review of existing expressions of wishes might make sense - if the [...]
EVER HEAR THE STORY of the giant ship engine that failed? The ship’s owners tried one expert after another, but none of them could figure out how to fix the engine. Then they brought in an old man who had been fixing ships since he was a youngster. He carried a large bag of tools [...]
Inheritance Tax planning under a Power of Attorney If you are considering using gifting strategies as an attorney of an incapacitated donor in order to reduce an inheritance tax burden on the donor’s estate you need to know just what is and what isn’t allowed in this field. The Court of Protection guidelines suggest that [...]
You may think from the headline this is a real life thriller or I have just been mugged at a cash point but you could not be further from the truth. My late stepmothers's cruel act of betrayal has left a scar that just won't heal. After my mother died my father William Herd married [...]
