Category: Wills

IHT ‘not keeping up with property prices’

News that the Treasury’s Inheritance Tax (IHT) take has hit a record high in the past year has sparked concerns that IHT is not keeping up with the pace of UK house price growth.

Could your family benefit from a deed of variation?

UK families are being urged to consider the benefits of setting up a deed of variation (DOV), which may be able to help families to resolve difficult Inheritance Tax (IHT) issues after the death of a loved one.

Specialist legal advice crucial when drafting a Will

Families are being reminded to always seek specialist legal advice when setting up a Will, in order to avoid unforeseen fees or complications later down the line.

Almost a third of Britons ‘confused’ by IHT terminology

A new study has revealed that almost a third (30 per cent) of UK adults do not fully understand key Inheritance Tax (IHT) terminology, while a similar number are unaware of the rate at which IHT is charged.

Vast majority of Britons leave important health and welfare decisions ‘to chance’, study finds

A worrying new study published earlier this week has revealed that the vast majority of Britons are leaving important health and welfare decisions ‘entirely to chance’ by failing to seek specialist legal advice.

Bruce Forsyth ‘disinherits’ his children to beat IHT

Sir Bruce Forsyth sadly passed away back in August 2017, but in recent days, probate records have emerged suggesting that the much-loved entertainer ‘disinherited’ all of his children in his Will.

Charity groups urge Government to ensure IHT changes do not have “negative consequences” for legacy-giving

A number of voluntary sector groups are calling on the Government to tread carefully in its efforts to simplify Inheritance Tax (IHT), amid concerns that any drastic changes could have “potential negative consequences” for legacy giving.

Britons urged to consider complex IHT rules when gifting

Families and individuals who ‘gift’ money to their children, grandchildren, friends or others need to be aware of the complex rules surrounding gifting and Inheritance Tax (IHT).

Inheritance Tax advantages for married couples

With reports of the royal wedding dominating headlines this week, there is a strong focus on marriage across the press and the media. But experts are reminding Britons that while most people marry for love, tying the knot also enables couples to enjoy a number of significant tax advantages.

Resolution calls for radical IHT reform

In recent days, prominent think tank Resolution has called for a radical new system to replace the UK’s existing Inheritance Tax (IHT) regime, amid concerns that more needs to be done to tackle intergenerational inequality.