Category: Wills

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.

Britons urged to share experiences of IHT in online survey

In recent days, the Office of Tax Simplification (OTS) has launched an online survey urging Britons to share their experiences of Inheritance Tax (IHT) and consider whether they feel IHT ought to be simplified or reformed in the years ahead.

New IHT changes take effect from today

Important changes to Inheritance Tax (IHT) take effect today, which enable married couples and civil partners to pass on a potential £900,000 completely tax-free.

‘Widespread confusion’ over IHT and ISAs

New research published this week has revealed that there is still ‘widespread confusion’ among UK adults regarding the rules governing Inheritance Tax (IHT) and ISAs in England and Wales.