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Private Client Law Blog

23 January 2019

Inheritance Tax Planning: Deeds of Variation and nil rate band discretionary Will trusts - less common but still useful?

2007 was a milestone year in inheritance Tax (IHT) planning for married couples with the introduction of the ‘transferable nil rate band’. Not only did that sound the death knell (almost) for the nil-rate-band-discretionary-will-trust but the traditional use of a deed of variation did an about face.

17 January 2019

New Year’s resolutions for unmarried couples: make Wills, get married, better still, do both?

Over the years, I’ve encountered many couples in a relationship spanning 20 years or more, often with children together, who have never married nor have any intention of doing so. When challenged as to reasons for not marrying, there’s rarely expressed any aversion to marriage in principle. It’s just, “We’re happy as we are; we don’t need a piece of paper to prove the strength of our relationship”.

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.

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