Wills and inheritance planning

11 January 2019

10 good reasons why you should make a Will in your 20s

The New Year is the perfect time to make a Will. People in their 20s often think they do not need a Will, particularly if they are single and do not consider themselves to be particularly ‘well off’. Preparing a Will is not something you should delay. Here are 10 good reasons why you should make a Will now, regardless of your age.

Stephanie Mooney

18 December 2018

Inheritance Gifts, Hotchpot and Double Portions. Do children have a right to be treated equally?

Sibling concern over equal treatment can linger well into middle age and beyond; it reveals itself after a parent’s death or during their old age through arguments over who has had what and who’s going to get what. We’re not legally obliged to leave our estate to our children in equal shares or, indeed to leave them anything at all.

Jim Sawer

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

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

17 September 2018

£6m gift for son of woman with dementia

In the recent judgment of PBC v JMA and others, Judge Hilder authorised an application by an attorney to make gifts from his mother’s estate in excess of £7m, including £6m to himself.

Sameena Munir

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