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Legal Estate Planning

A UK Tax Primer (101) – Inheritance Tax; Stuff you should know

It has been said that the only things that are certain in life are birth, death and taxes. Inheritance Tax brings death and taxes together, as your assets on death are recorded, assessed and taxed according to the rules at the time. For most people in the population, Inheritance Tax, (IHT), is ‘voluntary’ as a bit of planning before death…

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New Intestacy Laws –has it changed for you?

The last time the intestacy law changed was in 1926, so you would have thought there would have been more fuss in the press, but outside a limited amount of column inches in the trade press, I have seen nothing for the general public. So, why is intestacy important? If you do not have a will, your estate will be…

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The importance of Wills and Lasting Powers of Attorney

As part of our normal advice process, I always ask if my client has a valid will and lasting powers of attorney. Normally the answer is “No, I haven’t got around to it” and “What’s that?” respectively. Time to be a little controversial; any adult who does not have a valid will is a fool and any adult without Lasting…

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Where there’s a will, there’s a way

Too many people are oblivious to the importance of writing a will including appointing a guardian. If both parents were to die in a car crash, what would happen then? Who would look after the children? Where there is no guardian appointed in a will, Social Services will put children into foster care, while more permanent arrangements are made. Social…

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