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Tips on using gifts to reduce inheritance tax

Tips on using gifts to reduce inheritance tax

Are you aware that when you use gifts as part of your final inheritance tax planning, not only will you receive the joy of giving your loved ones a gift, but you can even reduce your inheritance tax liability. Understand the definitions of a gift A gift could be...

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Let’s talk about business LPAs

Most people understand the benefits of a lasting power of attorney (LPA), which allows an individual to nominate someone to make decisions on their behalf if they become incapacitated in some way. But not everyone knows what a business LPA is and how it can be used to...

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Advice for Unmarried Couples when Estate Planning

The numbers of unmarried cohabiting couples in the UK has risen to approximately 5 million (according to the latest figures from the Office for National Statistics). But unmarried couples don’t have automatic legal rights to inherit from each other. The rights of...

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Things you need to consider when making your Will

Things you need to consider when making your Will

October is Will month so we thought it would be helpful to put together a useful guide for anyone thinking about making a Will, as we hear all too often that sometimes people just don't know where to start. This can then become such an overwhelming task,...

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What is a trust and what are the benefits?

A Trust can be set up through your Will to help protect and control wealth for the benefit of your family/loved ones. Trusts enable people to place assets under the control of others, so that they have full responsibility to manage those assets for the benefit of...

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Record Number of Inheritance Disputes in the UK

Record Number of Inheritance Disputes in the UK

The number of people challenging Wills and testaments in the UK High Court hit a record high last year with 192 cases raised by people who claimed they were entitled to a share or larger portion of a deceased’s estate. This was up from 188 in 2019 and a...

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How to Organise your Digital Estate

How to Organise your Digital Estate

When drawing up your will it is vitally important to consider your digital assets Setting out what happens to your money, property and possessions when you die is an incredibly important task. But in today’s world, you also need to consider your digital...

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