Author: Natalie Payne

Hundreds of thousands of Britons yet to claim LPA fee refunds

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.

Report calls for Government to revamp Inheritance Tax system

A new report has called for the Government to move to a new fully digital system for inheritance tax (IHT).

Plans to hike probate fees ‘resurrected’ by Justice Minister

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.

Inheritance Tax receipts expected to hit new record high

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.

The importance of keeping your Will up-to-date

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.

More than half of UK parents do not have a Will, study reveals

A new study suggests that more than half (56 per cent) of UK parents do not have a Will. This means that in the event of an unexpected death, their children could potentially be left without legal guardianship.

National Wills Week: Three consequences of not having a will

There are several potential issues that can arise from not having a will, which can also be detrimental to loved ones; but still over 60 per cent of adults in the UK have resisted getting one. Awareness is important during National Wills Week; the impact of not having a valid will can be significant. Here…
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Parents acting as ‘Bank of Mum and Dad’ reminded not to forget about IHT

Parents who gift money to their children or grandchildren in a bid to help them get on the property ladder are being reminded to consider the complex Inheritance Tax (IHT) rules affecting gifts.

UK families urged to ‘Remember A Charity’ in their Wills

A prominent charity group is calling on UK families to leave behind charitable legacies in their Wills.

Death of music legend Aretha Franklin highlights importance of having a Will

Last week, legendary singer-songwriter Aretha Franklin passed away at the age of 76, leaving behind no Will documenting what should happen to her estate.