Emergency Power of Attorney: when and how to obtain it
The Court of Protection will determine if an individual has the mental capacity to make specific decisions and if not, they will issue an emergency Power of Attorney.
Inheritance Tax: Strategies to Secure Your Family’s Financial Future
There has been speculation in the media for the past few years about Inheritance tax (IHT) as a potential target for tax reform, but so far this has not come to fruition. People are fearful of the bills they will leave for their families, but the reality is that many who worry fall well below the threshold at which IHT is payable. But with IHT charged at 40 per cent it’s certainly worth doing a regular check on where you stand, as those who could be liable can minimise their liability by taking advice and planning ahead.
Divorce and your Will
In a 2021 survey, over two-thirds of happily married couples were uncertain about their estate's fate in a divorce. Additionally, 37% believed their former spouse would lose any claim to their estate post-divorce. Read more.
Estate planning for blended families
Ensure a secure future for all children in blended families with proper estate planning. Protect their inheritance and well-being.
Power of Attorney – why everyone should have one
A Power of Attorney is a very valuable document to have in place, allowing you to plan when you can no longer make decisions for yourself. Read more here.
Trustees – HMRC eases penalities
Trustees who missed the September deadline to comply with the expanded scope of the Trust Registration regime have been thrown a lifeline by HMRC. Read more here.
Must I update my Will?
Having an up-to-date Will is the best way to ensure your wishes are carried out when you are no longer here. It also takes the stress away from your loved ones at an already challenging time. In this article, we look at five ways having a Will helps your loved ones after you pass.
Grants on Credit – when you cannot pay inheritance tax
Grants on credit could be the key to breaking the deadlock if you have inherited an estate, but cannot pay the inheritance tax.
HMRC IHT100 clearance process
HMRC IHT100 clearance process changes will affect how to inform them about chargeable events when Inheritance Tax is payable on a trust or gift. Read to find out more.
Digital memories – Protecting and passing them on to your loved ones
Do you know how to protect your digital memories? Read our blog to learn why protecting these is so important and how you can do it easily.