Author: Jeffrey Cohen

Chancellor urged to consider ‘simplifying’ Inheritance Tax rules ahead of Budget

Chancellor Philip Hammond is facing fresh calls to consider Inheritance Tax (IHT) reforms ahead of the Autumn Budget on Monday 29 October.

Lasting Power of Attorney applications up two per cent year-on-year

New data published by the Office of the Public Guardian in recent days reveals that the number of people submitting Lasting Power of Attorney (LPA) applications rose by two per cent year-on-year between April and June 2018.

Families failing to take advantage of the RNRB

A Freedom of Information (FoI) Act request has revealed that many UK families are not taking advantage of a recently-introduced Inheritance Tax (IHT) break which could otherwise save them thousands of pounds.

What happens if I don’t have a Will when I die?

Having a valid Will in place is essential for anyone who wants their estate to be passed on in line with their wishes. If a person dies without a Will in England and Wales, their estate passes on in accordance with the intestacy rules – which could have unwanted or unfavourable consequences for the wider…
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Number of people seeking help with Inheritance Tax expected to rise

The number of UK families and individuals seeking out Inheritance Tax (IHT) advice will rise sharply over the next three years, a new study has predicted.

Could your family benefit from a deed of variation?

UK families are being urged to consider the benefits of setting up a deed of variation (DOV), which may be able to help families to resolve difficult Inheritance Tax (IHT) issues after the death of a loved one.

New legislation to protect vulnerable people in care

Reforms are being made to the ‘Deprivation of Liberty Safeguards’ (DoLs) system, with a replacement known as ‘Liberty Protection Safeguards’ set to become law.

Almost a third of Britons ‘confused’ by IHT terminology

A new study has revealed that almost a third (30 per cent) of UK adults do not fully understand key Inheritance Tax (IHT) terminology, while a similar number are unaware of the rate at which IHT is charged.

Bruce Forsyth ‘disinherits’ his children to beat IHT

Sir Bruce Forsyth sadly passed away back in August 2017, but in recent days, probate records have emerged suggesting that the much-loved entertainer ‘disinherited’ all of his children in his Will.

Charity groups urge Government to ensure IHT changes do not have “negative consequences” for legacy-giving

A number of voluntary sector groups are calling on the Government to tread carefully in its efforts to simplify Inheritance Tax (IHT), amid concerns that any drastic changes could have “potential negative consequences” for legacy giving.