Category: Wills

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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Parents acting as ‘Bank of Mum and Dad’ reminded not to forget about IHT

Parents who gift money to their children or grandchildren in a bid to help them get on the property ladder are being reminded to consider the complex Inheritance Tax (IHT) rules affecting gifts.

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.

Families failing to take advantage of the RNRB

A Freedom of Information (FoI) Act request has revealed that many UK families are not taking advantage of a recently-introduced Inheritance Tax (IHT) break which could otherwise save them thousands of pounds.

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.

What are the top mistakes people make in their Wills?

Having a legally-recognised Will in place is vital to ensuring that your estate is passed on in line with your wishes and expectations when you die.

What happens if I don’t have a Will when I die?

Having a valid Will in place is essential for anyone who wants their estate to be passed on in line with their wishes. If a person dies without a Will in England and Wales, their estate passes on in accordance with the intestacy rules – which could have unwanted or unfavourable consequences for the wider…
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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.