5 Great Ways to Minimize your Inheritance Tax (IHT)

At long last! A review of the Inheritance Tax (IHT)! You may have seen in the news recently that the Chancellor, Philip Hammond has written to the Office of Tax Simplification asking them to review the current IHT regime with a view to simplifying the complex and dated rules. The current Inheritance Tax rules have […]

Probate: Locating a Missing Will

After the initial shock of losing a loved one, the Will of the deceased is quite often one of the first things you will think about. Because, if there is a Will, it will describe how the deceased would like their estate distributed and it may even contain details of their funeral wishes. The likelihood […]

Contentious Probate: Cohabiting Couples

Are you a cohabiting couple? If so, have you made provisions for your partner in your Will? No? Your partner could make a claim against your estate if you haven’t made provisions for him/her. In one of our earlier blogs, we did mention that the law does not recognise unmarried partners and, therefore they don’t […]

Probate: Inheritance Tax on Gifts

Most estate planners will tell you that gifting assets can be a good way of reducing your estate value for Inheritance Tax purposes. It can be an effective way to mitigate your Inheritance Tax liability, if done correctly. For a gift to be completely outside of your estate for Inheritance Tax purposes you must survive […]

Probate: Asset Rich but Cash Poor

We live in an age where many of us are asset rich but cash poor. With rising costs it’s difficult to save, so we don’t have huge cash balances in our bank accounts, hence cash poor. We are, however, asset rich. Many of us own a house and house prices have been on the increase […]

LPA – Pensions & Investments

Pensions These days there are various options available with your pension pot and you have to make regular decisions about it throughout your life. Before your selected retirement age there could be investment strategy and fund decisions to be made. On retirement you will have decisions to make under “Pensions Freedom” about whether you want […]

Lasting Power of Attorney (LPA) for Your Business

If you own a business then you should make a separate Lasting Power of Attorney for Property and Financial Affairs in relation to the business only. You should also have a separate Property Financial Affairs LPA for your personal affairs. This applies to Sole Proprietors, Partnerships and Limited Companies. Your Partnership or Shareholder agreements and Articles […]

OPG Registration Fee – Remission & Exemptions

As mentioned in our earlier blog about Lasting Powers of Attorney there is a registration fee that must be paid to the Office of the Public Guardian (OPG) when your LPAs are submitted for registration. The current OPG registration fee is £82 per LPA. However, under certain circumstances you may be eligible for a 50% reduction of the […]

Lasting Powers of Attorney (LPAs)

Many of you will probably be wondering if Lasting Powers of Attorney, most commonly known as LPAs are worth the money. We see clients day in day out contemplating the very same. And we, like many others, most definitely think they are a good investment regardless of age and we will demonstrate why. The other question […]

Long Term Care Fees & Mitigation

It is a fact that people are living longer nowadays. It is predicted that by 2031 more than 36% of the population will be over 60 years old. And that around 70% will need long term care. The likelihood is that the cost of care will be an issue for most of us. Especially in […]