HM Revenue and Customs (HMRC) has reported a 7.2% rise in inheritance tax receipts in the UK. This increase shows the growing weight on estates
Protecting your family’s future is more important than ever. The Family Home Protection Trust is a legal way to do this. It lets you transfer
In 2016, over 249,000 marriages took place in England and Wales. That same year, there were about 102,000 divorces for opposite-sex couples and 338 for
Estate planning is key for UK residents who want to protect their wealth. It helps ensure your assets are safe and your wealth passes smoothly
Did you know the UK government takes over £8 billion in capital gains tax yearly? With smart estate planning, you can cut down your tax
Recent reports show that about 6 in 10 people in the UK don’t have a valid Will. Many choose to make a Will, from hiring
When a parent passes away, many find themselves asking, “Can you sell your parents’ home if they pass away?” The answer is yes, you can
Cohabiting inheritance rights in the UK refer to the legal protections—or lack thereof—that couples living together have concerning their assets after one partner dies. Unlike
The Labour Party’s stance on digital assets and cryptocurrency in the UK is evolving, with recent statements supporting tokenization and Central Bank Digital Currencies (CBDCs).
Putting your house in a trust in the UK is a way to manage your property and protect it for future generations. A trust is
Estate planning for blended families in the UK presents unique challenges that require careful consideration and tailored strategies. With an estimated 1 in 3 British
Setting up a trust fund for your child is a smart move for their financial future. It might seem complex, but it’s a key tool
When you face inheritance disputes, knowing how to challenge a will is key. In the UK, challenging probate is complex. But, it’s vital to understand
It’s vital to know if probate has been granted when dealing with a deceased person’s estate. Probate lets the legal team manage the person’s property,
Trusts are key in estate planning in the UK. They help manage and distribute assets as the settlor wishes. A trust has three main roles:
Did you know that less than 1 in 6 people in the UK have made a formal estate plan? Over a third haven’t even started
Ever thought about how your actions could change the world? Adding charitable giving to your estate planning lets you merge your values with your financial
Understanding how to fund a trust in the UK is essential if you want to protect your family’s wealth and minimise inheritance tax. Trusts have
More than 800,000 people in the UK have dementia, and this number is expected to rise to over one million by 2025. Without a valid
7 Year Rule Inheritance Tax: What You Need to Know Understanding 7 year rule inheritance tax is essential for anyone thinking about estate planning in
stDid you know? Since 2007, married couples and civil partners in the UK have been able to transfer their unused inheritance tax (IHT) allowance to
Are you ready for possible changes the Labour Party might make to your estate taxes? After the July 2024 election, the Labour Party is in
Transferring property to your child in the UK can be a thoughtful way to plan for the future. This involves changing ownership of your property
If you’re a beneficiary of a will or intestacy in the UK, you have certain rights to your inheritance. The person managing the estate, known
Who Can Witness Lasting Power of Attorney in the UK? Who can witness Lasting Power of Attorney in the UK? This is one of the
Want to know how to avoid care home fees in the UK? You’re not alone. Many people worry about protecting their assets from these costs.
Divorce in the UK means you have to think about splitting up your stuff, including things you got from your family. This includes money, property,
Can a Power of Attorney change a will in the UK? The simple answer is no. A Power of Attorney (POA) cannot legally change a
Inheritance Tax Planning in the UK is crucial for ensuring your loved ones benefit from your estate without facing hefty tax bills. Inheritance tax can
Creating a will in the UK can cost anywhere between £400 to £1800, depending on the type of will. Having a will is crucial as
Difference Between Lasting and Enduring Power of Attorney is crucial to understand when dealing with legal matters involving someone’s affairs. A Power of Attorney (PoA)
Gifting money to family members in the UK is a common practice, but it’s essential to know the legal limits to avoid tax implications. As
Are next of kin responsible for care home fees in the UK? The short answer is generally no. Next of kin typically refers to a
Wills for seniors are essential legal documents that outline how a person’s assets should be distributed after their death. They are crucial for ensuring your
Inheritance Tax in the UK, nicknamed death duties, includes a tax on the estate when someone dies. An estate is a collection of property, money,
Understand who can override a power of attorney UK and the legalities involved with revoking or challenging an attorney’s authority.
Creating a will in the UK is crucial for ensuring your wishes are honored after you pass away. However, many people make common mistakes when
Single Will vs Mirror Will: Which Is Right for You? Understanding the differences between a Single Will vs Mirror Will is crucial when planning how
When it comes to protecting your assets and ensuring your loved ones are taken care of, will writing is an essential part of estate planning.
How much does a solicitor charge for power of attorney? The cost typically ranges from £200 to £500 plus VAT for a straightforward document. A
Inheritance Tax in the UK is a tax on the estate (property, money, and possessions) of someone who has died. Understanding this tax is crucial