Last year saw surge in over 45’s asking for IHT advice
The number of over-45s seeking estate planning advice has risen sharply in the past year as many struggle to understand inheritance tax (IHT) rules, research has shown.
The number of over-45s seeking estate planning advice has risen sharply in the past year as many struggle to understand inheritance tax (IHT) rules, research has shown.
Over 12.6 million people would be prepared to go to court to dispute a will of a family member if they disagreed with the division of their estate, according to Direct Line Life Insurance research.
A spike in the amount of inheritance tax (IHT) receipts is being predicted this year as bereaved family members move to complete their paperwork before potential changes to probate fees come into effect.
As many as 150,000 married people that die each year are ISA holders, the Tax Incentivised Savings Association (TISA) have said.
Santander has been fined more than £32 million for “serious failings” in its probate and bereavement process, the Financial Conduct Authority (FCA) has revealed.
A Freedom of Information (FoI) request has revealed that hundreds of thousands of Britons who were previously overcharged for Lasting Power of Attorney (LPA) registration fees have not yet claimed the refunds they are entitled to.
A new report has called for the Government to move to a new fully digital system for inheritance tax (IHT).
Previously-shelved plans to increase probate fees have been ‘resurrected’ by the Government this week, but will have a slightly lesser impact on wealthy estates than was previously expected, it has emerged.
A new analysis carried out by the Office for Budget Responsibility (OBR) this week has estimated that Inheritance Tax (IHT) receipts are likely to soar to a new record high for the 2018/19 tax year.
Important life events such as getting married, moving house or having children are being overlooked by many British families, who are failing to keep their Wills regularly updated to reflect changes in their circumstances, it has been warned.
