Inheritance tax paid by families has doubled in a decade
Posted on 27th May 2022
The amount of inheritance tax (IHT) families pay has more than doubled in a decade.
Posts tagged “Estate Planning”
More people are leaving donations to charity in their Will
Posted on 12th May 2022
More than one in five wills now include a donation to charity according to a recent survey carried out by Remember A Charity.
Seven out of 10 solicitors and Will-writers say they make people aware of the Inheritance Tax (IHT) benefits of leaving a gift to charity in their Will. That’s an increase from six out of 10 in 2013.
House of Lords rejects care cap proposals for a second time
Posted on 12th April 2022
In March the House of Lords voted against changes to the way we pay for our care that could mean poorer people have much less to leave to their families.
Changes to probate fees and inheritance tax in 2022
Posted on 7th January 2022
This month there will be changes to probate fees and the rules concerning inheritance tax.
Gifts to your family can bring unexpected inheritance tax bills
Posted on 21st December 2021
In a recent poll nearly half of respondents didn’t know anything about the rules concerning inheritance tax (IHT).
What will the Health and Social Care Bill mean for older people?
Posted on 7th December 2021
The Health and Care Bill was passed in the House of Commons on 22 November. It was then reviewed in detail by the House of Lords but several stages must still be completed before it receives Royal Assent, which is expected to be in April 2022.
Are online Wills worth the paper they aren’t written on?
Posted on 22nd October 2021
While most people in the UK believe their affairs are simple, their requirements are often quite complicated when it comes to their Will.
According to recently published research online Will writing services often fail to consider things that can significantly affect the details of your Will such as marital status, children, assets, business and property ownership, overseas property investments and disinheritance.
Understanding the care home fees cap
Posted on 30th September 2021
In 2014 the Care Act introduced a ‘care cap’ of £72,000 on the total you would be liable to pay for your care costs. It came in to effect in April 2020.
However, most people will have to spend much more before the cap is reached; often over £140,000.
Can I leave cryptocurrrency in my Will?
Posted on 13th April 2021
Cryptocurrencies like Bitcoin or Ethereum are digital – they can be bought, spent, saved, and sold.
Unlike money you might have an a bank account, cryptocurrency is handled using computer technology known as ‘blockchain’.
People store cryptocurrency in a digital wallet and they must have virtual keys to access it.
Why you need a Will for your business
Posted on 23rd February 2021
A valid Will makes it much easier for your executors to administer your estate when you die. Your friends and family will receive their inheritance as you intended, and people will be reassured that they understand your wishes.
There are almost six million businesses in the UK, most of them ranging from sole traders to businesses with around 10 employees, but many people don’t put the same measures in place for their business.
