Private Client Law Blog

6 December 2018

Inheritance Tax - why do so many fall into the 'Gift With Reservation of Benefit' trap?

Saving Inheritance Tax (IHT) on death by making a gift and surviving by seven years is standard tax planning sanctioned by statute. However, if you make a gift but ‘reserve a benefit’ in the property given, it will still be brought into charge on death, regardless of how long you survive.

Jim Sawer

22 November 2018

Stop Press: Swearing abolished (for Probate anyway)

As a famous proponent of ‘swearing’ Gordon Ramsay might be amused to learn that from the end of November 2018, personal representatives will no longer need to formally swear an oath before receiving a Grant of Representation.

Diva Shah

19 November 2018

I have just been appointed as an attorney under a Lasting Power of Attorney – what action should I take?

You have been appointed as your loved one’s property and affairs attorney under a Lasting Power of Attorney (“LPA”) and this has been registered by the Office of the Public Guardian (“OPG”). The OPG has published new guidance which may be helpful. As an attorney, you must always act honestly and in the best interests of the person granting the power of attorney (the donor). This role can often be daunting. 

Sameena Munir

15 November 2018

Joint tenancy - a historical anachronism which should be scrapped?

Property can be owned jointly in two ways: as Beneficial Joint Tenants or as Tenants in Common.  This blog looks at the differences as well as the pros and cons of each.

14 November 2018

New probate fees – stealth death tax for the middle classes

Despite overwhelming opposition, the government has set a date for a new stealth death ‘tax’ aimed at bereaved families.

James Ward

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