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Private Client Law Blog

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

21 December 2018

Inheritance Tax : Cash Gifts (not just) for Christmas

With Christmas less than a week away, you may now be panicking about what to give your loved ones. Rather than join the chaos of the last minute Christmas shoppers, you might consider giving a cash gift this Christmas.

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.

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.

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

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