Tag: wills
Huge Rise In Probate Fees Scrapped By Justice Minister
The government has scrapped a controversial move to put up probate fees that would have seen wealthy families paying thousands of pounds to administer...
Tax Man Grabs A Record £5.4 Billion From Families Paying IHT
The number of families paying death duties has reached a new high - although who pays most depends on their postcode, according to official...
Expat Wills
If you are an Expat and want to make sure your wealth goes to the people and causes you love and care about, then...
IHT Is Too Complicated, Say Tax Gurus
Tax experts are recommending ministers to take action to simplify inheritance tax rules.
The Office of Tax Simplification, an independent government agency looking at how...
Grieving Families Pay Record £5.6 Billion Inheritance Tax
Families have paid a record £5.6 billion inheritance tax despite the government increasing tax breaks.
In the 2018-19 tax year, the IHT tax take increased...
Talking About Your Death Is The Last Taboo
Millions of people who have drafted a will refuse to talk about the details with their loved ones, according to new research.
While document is...
The Silly Mistakes That Invalidate A Will
A slip of the pen can lead to little mistakes in a will that make the terms invalid.
Making sure you have a valid an...
Tax Year Change Heralds New IHT Wealth Limits For Families
Inheritance tax changes heralded in by the changing tax year mean you can pass on at least an extra £25,000 of your wealth tax-free...
Forgetful Savers Could See Pension Cash Go To Ex-Spouses In Error
Thousands of pension savers risk passing their money to an ex-spouse they hate because they don’t keep up with their financial admin when they...
Complex IHT Rules Spark Advice Boom For IFAs
Inheritance advice is one of the hot financial topics for IFAs and their clients but few advisers want to offer a service without the...
Executors Face Paying Unforeseen Tax Bills
People acting as executors for family or friends face settling inheritance tax bills out of their own money if settling an estate takes more...
Dubai Launches New Wills For Expat Property Owners
Expats owning homes, land or commercial buildings in Dubai can now safeguard their investments with an official online property will.
The new will allows an...
Death Tax Plan Shelved As Parliament Runs Out Of Time
Unpopular plans to increase the cost of probate on a dead person’s estate have been shelved by the government.
Justice Secretary Liz Truss pulled the...
Estate Planning For Expats
If you are an expat and what to do some serious tax planning, you need to know the difference between tax residence and domicile.
Both...
What Would You Do With A £119,000 Cash Windfall?
The average inheritance is a cool £119,000 – so what would you do with a windfall like this?
Surprisingly, few would spend the cash –...
Talking About Death Is Taboo For Millions
Talking about what financial plans when someone dies is a taboo subject for millions, according to new research.
Rather than make a will or discuss...
Plea To Give IHT Cash Back To 28,000 Families In Tax...
Tax campaigners want compensation for 28,000 families who have paid inheritance tax under rules that will be scrapped next year because the government has...
Wealthy Face A Stealth Death Tax To Pay For Probate
Executors of wealthy estates may have to hand over thousands of pounds in probate fees following a review of charges by the Ministry of...
Playing The Generation Game With A Pension
Family Fortunes and The Generation Game are not just light-hearted TV game shows but a necessary part of estate planning with changes to inheritance...
Prince Heads List Of Stars Dying Without A Will
Pop star Prince is the latest in a line of millionaire celebrities to die suddenly without a will.
Prince amassed hundreds of millions of dollars...