Is It Time to Review Your Estate Plan?

Planning to minimise the inheritance tax (IHT) due on your estate is always important, but the recent introduction of the residence nil-rate band (RNRB) means now could be the ideal time to review your existing plans. What is the RNRB? IHT is charged at 40% on estates worth in excess of the nil-rate band, which … Continue reading Is It Time to Review Your Estate Plan?

Leaving A Charitable Legacy In Your Will?

As a nation we are constantly presented with opportunities to donate to the millions of charities which exist in the UK, whether it be taking part in or sponsoring fund-raising events, dropping our small change in collection boxes or paying a regular monthly amount from our bank accounts. It’s a fact, however, that around 15% … Continue reading Leaving A Charitable Legacy In Your Will?

Executors and Power of Attorneys: What Do They Do?

Many people who are appointed Executors of Wills are not aware of their legal duties. Executors are appointed to carry out the wishes of those who appoint them. An Attorney is appointed to make decisions in certain circumstances on behalf of a living person. Both roles carry what is known as fiduciary obligations and are, ultimately, … Continue reading Executors and Power of Attorneys: What Do They Do?

Is A Will Really Necessary?

The simple answer is yes. Unless all your assets are held in joint names and/or you are happy to rely on the arrangements for your family that the intestacy laws will provide, then it is imperative you make a Will. Without a Will an Estate with a value of more than £250,000 will not all … Continue reading Is A Will Really Necessary?

Prevention is better than cure!

Prevention is better than cure! - A saying that can often apply to reducing your tax bill. Taking a proactive approach to your accounts can often be the simplest way to save you tax in a number of ways, for example: Annual Investment Allowance (AIA) The AIA allows you to claim 100% of the cost … Continue reading Prevention is better than cure!