The Supreme Court is set to review a long-running Inheritance Tax (IHT) case against HM Revenue & Customs (HMRC).
The increase in the number of probate disputes being heard at the High Court is being blamed on the increasing number of DIY Wills.
Families dealing with bereavement are being advised to apply for probate before the fee rises.
Inheritance tax payments have hit record highs, according to data released by HM Revenue & Customs (HMRC).
A YouGov survey has revealed that 44 per cent of over-50s have changed their Will several times due to the complexities of modern family relationships.
Changes to probate fees have been delayed because of time limitations due to Brexit debates and motions, a draft statutory device is still waiting for an approval motion in the Commons.
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.
Six out of 10 consumers are unaware that will-writers are unregulated, although many people are interested in writing their own wills anyway, new research has found.
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.
The lack of awareness around inheritance tax (IHT) in the UK has increased in the last year, with half (50 per cent) of liable over 45-year-olds admitting to being unaware their main property could be subject to IHT.
Authorised and regulated by the Solicitors Regulation Authority. SRA number 63687.
Terms & Conditions
Website by JE Consulting
© 2019 Blog. Built using WordPress and the Mesmerize Theme