Author: Natalie Payne

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.

Millions of Brits prepared to contest loved ones’ wills in court

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.

Potential probate rule changes could cause inheritance tax rush

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.

Thousands of grieving spouses are unnecessarily paying tax on inherited ISAs

As many as 150,000 married people that die each year are ISA holders, the Tax Incentivised Savings Association (TISA) have said.

Santander fined millions for probate failings

Santander has been fined more than £32 million for “serious failings” in its probate and bereavement process, the Financial Conduct Authority (FCA) has revealed.

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.