Category: Wills

Inquiries into power of attorney claims surge as families left in limbo

Families are at risk of being caught up in a power of attorney complaints investigation spike that could cause harmful delays to their financial plans, it has emerged.

Public are unaware of unregulated will writers

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.

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.

Britons at a loss when it comes to property inheritance tax

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.

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.

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.

Findings of OTS Inheritance Tax review to be published ‘before the end of 2018’

An official review of Inheritance Tax (IHT) will be published before the end of the year, after Chancellor Philip Hammond bypassed the opportunity to address IHT in this week’s Budget, 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.