Category: Private Clients

5.4 million Britons ‘do not know where to start’ when it comes to writing a Will

A new study published this week suggests that a staggering 5.4 million UK adults are ‘completely perplexed’ by Wills and ‘would not know where to start’ if they wanted to write one.

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.

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.

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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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.