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Lasting Will & Testaments

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Posted: 1 June 2024 | Lasting Will & Testaments, Law, Wills & Probate

The importance of a well-drafted will

The risk of relying on homemade wills was highlighted in a recent case where a will was held to be invalid. Even a well-written will must b…

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Posted: 13 December 2023 | Lasting Will & Testaments, Tax, Wealth, Wills & Probate

Are we witnessing the decline of trusts?

The number of trusts filing self-assessment tax returns for 2021/22 was 37% lower than for 2003/04. The decline comes as no real surprise g…

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Posted: 30 August 2023 | Inheritance Tax, Lasting Will & Testaments, Wealth, Wills & Probate

Inheritance Tax: Intestacy entitlement increased

If an English or Welsh domiciled person dies without leaving a will, the amount that a surviving spouse or civil partner can inherit as a s…

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Posted: 27 June 2023 | Inheritance Tax, Lasting Will & Testaments, Wealth

Increase in number of estates paying IHT

The combination of a frozen inheritance tax (IHT) nil rate band and considerably higher property values has pushed more estates into the IH…

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Posted: 6 September 2022 | Inheritance Tax, Lasting Will & Testaments, Wealth, Wills & Probate

Confused on claiming residence band relief?

Working through inheritance tax (IHT) requirements come at a difficult time. The provisions of the residence nil rate band (RNRB), which ca…

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Posted: 14 August 2022 | Employment Tax, High Income Child Benefit Charge, Income Tax, Inheritance Tax, Lasting Will & Testaments, Self Assessment

Setting new taxpayer records

New data from HMRC reveals there are now over six million people paying higher or additional rate tax in the UK. In recent years, the end o…

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Posted: 10 December 2021 | Capital Gains Tax, Inheritance Tax, Lasting Will & Testaments, Tax, Wealth, Wills & Probate

Treasury sets aside CGT and IHT change agendas

Tax and Administration Maintenance (TAM) Day is a new phenomenon brought in by the Treasury to try and move away from the traditional all-i…

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Posted: 19 October 2021 | Inheritance Tax, Lasting Will & Testaments

IHT receipts reach £6 billion record

The amount of inheritance tax (IHT) collected by HMRC over the past year reached a record £6 billion, some £1 billion more than the previou…

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Posted: 18 August 2021 | Inheritance Tax, Lasting Will & Testaments, Wills & Probate

Probate fees reform, round three

The Government’s third attempt at revamping the cost of obtaining grant of probate in England and Wales is much more modest in scope than t…

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Posted: 24 June 2021 | Inheritance Tax, Lasting Will & Testaments, Wealth, Wills & Probate

Unhappy families – challenging inheritance issues

The outcome of a recent High Court case is a warning for anyone challenging a will. As inheritances become more valuable, the number of di…

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Posted: 8 August 2020 | Lasting Will & Testaments, Law

Remote witnessing of Wills in the era of COVID-19

At a point during the early days of the pandemic, this author, being of a certain age, weight, and ethnic group, took the decision to get h…

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