How HMRC Treats Digital Assets for Inheritance Tax in the UK
As digital assets continue to grow in popularity among UK investors, understanding their implications on estate planning is crucial. We recognise that many individuals focus
As digital assets continue to grow in popularity among UK investors, understanding their implications on estate planning is crucial. We recognise that many individuals focus

As we increasingly manage our lives online, it’s essential to consider what happens to our digital assets when we’re no longer around. Unfortunately, many of
As we navigate the complexities of estate planning, it’s crucial to consider our digital legacy, including digital music, e-books, and cloud subscriptions. In the UK,

When a loved one passes away, their financial obligations can become a significant concern for those left behind. In the UK, the general rule is
As digital technologies continue to advance, incorporating digital assets into estate plans has become increasingly important for financial security. We understand the importance of securing

As we navigate the complexities of modern life, it’s essential to ensure that our loved ones are protected and our wishes are respected. Legacy planning

For individuals with significant health needs, the NHS provides a vital service known as NHS continuing healthcare. This care package is designed for those assessed

As we increasingly live our lives online, the concept of digital assets has become more significant. We accumulate various digital possessions, from cryptocurrencies to online

As we plan for the future, we often overlook the importance of including digital possessions in our estate planning. This can lead to potential issues

Losing a loved one is never easy, and dealing with their digital presence can be a daunting task. Scrolling through memories on their social media

As the value of digital assets continues to grow, it’s essential to ensure they’re included in your estate planning. We understand the importance of safeguarding

The rise of artificial intelligence tools is transforming the way people approach estate planning in the UK. More individuals are turning to online platforms or

Dealing with the financial affairs of a loved one who has passed away can be challenging. One of the concerns is what happens to their

Dealing with the estate of a deceased person can be a daunting task, especially when it becomes clear that the estate is insolvent. An insolvent

When a loved one passes away, their financial obligations don’t simply vanish. In the UK, the law dictates that outstanding financial commitments are settled from

As an executor of a will, one of your key responsibilities is to manage any claims against the deceased’s estate. To protect yourself from these

As an executor, managing the financial affairs of a deceased loved one can be a daunting task, especially when it comes to dealing with outstanding
When considering what happens to debt when you die, it’s essential to understand that debts don’t disappear. Instead, they’re repaid by your estate. Understanding how

When a business owner passes away, it triggers a series of crucial responsibilities, including notifying stakeholders and addressing financial matters. We understand the importance of
Appointing a guardian for your child is a crucial step in ensuring their future is protected. Testamentary guardianship refers to the process by which a
When an individual is declared bankrupt, it can have significant implications for their estate planning, including inheritance and the execution of wills. We understand that

As parents, it’s essential to consider the well-being of your children in the event that you both pass away before they reach adulthood. Appointing a
As a responsible individual, planning international travel with a child can be a daunting task, especially when considering the complexities of guardianship laws in the
Paying for residential care can be a significant financial burden. Fortunately, there are options available to help meet the costs, but navigating the system can

As we age, the need for elderly care expenses can become a significant concern. Many individuals in England worry about how to afford the costs

As we age, the need for financial protection against rising care costs becomes increasingly important. We understand that planning for future care needs can be

Navigating the complexities of care fees and their impact on second homes can be a daunting task, especially when considering the financial implications for your
Paying for care can be a significant concern for many individuals in the UK. The amount you need to pay depends on your financial resources,

Many individuals in the UK are concerned about depleting their financial resources while paying for care privately. As the population ages, more people are having
Understanding the financial implications of social care expenses is crucial for effective planning. In Britain, individuals may need to pay for all or part of
When a person requires care, the local council conducts a financial assessment to determine their contribution towards care fees. Some individuals consider gifting their assets
When planning for care in the UK, understanding the Personal Expenses Allowance is crucial. We help you navigate the complexities of care planning, ensuring that
Navigating the complexities of care home fees can be daunting for many families in the UK. When paying for care home costs in England, you
Planning for future care needs can be complex, especially when property ownership is involved. As we navigate the intricacies of care home fees in the

Being an executor of a Will can be a difficult task, not just because of warring beneficiaries, but also due to basic tasks such as

As we age, many of us face the daunting task of funding care. Two common options are equity release and selling your home. We understand

As a homeowner in the UK, safeguarding your estate is a crucial aspect of financial planning. We understand the importance of securing your wealth for
When a person passes away, their estate, which includes all their assets such as money, property, and personal possessions, is responsible for settling any outstanding

Choosing a legal guardian is a crucial decision for parents, ensuring their child’s well-being in the event of their passing. A legal guardian is an

Understanding how gifts and trusts impact eligibility for council help with care fees is crucial for effective financial planning in the UK. The UK’s care
The UK government has announced significant changes to the lifetime cap on care costs, set to take effect from October 2023, with the cap set

When someone passes away, their debts don’t simply vanish. In the UK, these debts are typically repaid from the deceased’s estate. This process is managed

When a loved one passes away, their estate, including any properties with outstanding mortgages, becomes the responsibility of the executors or administrators. We understand that
We are committed to safeguarding families’ assets through clear, accessible estate planning guidance. Predatory marriage is a form of financial abuse where an individual intentionally
When a loved one passes away, their estate, including any outstanding debts, must be settled. In the UK, understanding the implications of joint debts after

As a homeowner in the UK, ensuring the financial well-being of your loved ones is a top priority. When it comes to caring for minors,

At Westwood Estate Planning, we understand that thinking about the future can bring up difficult conversations. However, few decisions are as vital as choosing guardians
As a family, ensuring the well-being of your loved ones is paramount, especially when it comes to children with special requirements. In the UK, a

Guardianship arrangements are put in place to protect individuals who lack the mental capacity to make decisions for themselves. However, disputes can arise regarding the
As a carer, thinking about the future can feel daunting, especially when your energy is devoted to caring for someone each day. However, taking time
Dealing with a director’s loan account after death can be a complex issue, requiring careful consideration of legal and tax implications. As experienced professionals, we
As a business owner in the UK, ensuring the continuity of your company is crucial, especially during times of physical or mental incapacity. A Business

As we approach April 2026, significant reforms to the UK’s inheritance tax landscape are on the horizon. These changes will have far-reaching implications for business
As a homeowner in the UK, understanding the estate planning regulations in your region is crucial for securing your family’s future. The succession legal guidelines

As of 6 April 2025, significant changes are being made to the UK’s inheritance tax rules, particularly for internationally mobile individuals. A new residence-based test
As a homeowner in the UK, securing your family’s assets is a top priority. We understand the importance of protecting your loved ones and ensuring
As we consider our estate plans, charitable giving plays a significant role, allowing us to support our favourite causes while potentially reducing our tax liability.
As a parent, ensuring the well-being of your children is paramount. When considering their future, it’s essential to think about the values and expectations you

Discussing estate planning with your loved ones can be challenging, but it’s a crucial step in ensuring your wishes are respected and your family is

When planning to pass assets to children after death, the natural inclination is often to leave an equal share to each child. However, there are

Preserving wealth across generations is a significant concern for many families in the UK. Effective family governance is crucial in achieving this goal. Regular meetings

When it comes to safeguarding your family’s future, effective estate planning is crucial. At its core, estate planning is not just about managing assets; it’s

As we plan for the future, we often focus on distributing our assets among our loved ones. However, there’s another important aspect to consider: passing
Merging lives and assets in a blended family can be a complex yet rewarding experience. As we navigate the challenges of integrating different family dynamics,

As we accumulate possessions throughout our lives, certain belongings become imbued with emotional significance. When creating a Will, it’s essential to consider who should inherit

Discussing estate planning with your children can be a daunting task, but it’s a crucial conversation to have. As a responsible homeowner in the UK,

Inheritance disputes are becoming increasingly common, especially among complex families. Professional legal guidance is essential when challenging Wills or resolving disagreements between beneficiaries and executors.

When a business owner passes away, their estate needs to be valued, which can be a complex task, especially when business interests are involved. We
When it comes to estate planning, British homeowners often consider using trusts to manage and pass on their business wealth. However, over the last decade,

The death of a shareholder in a private limited company can be a challenging time for any organisation. It has the potential to disrupt the

At the heart of every successful business are talented, dedicated, and capable people. However, the future is uncertain, and the loss of a key individual

As experienced lawyers specialising in family trusts and asset safeguarding in England and Wales, we understand the importance of securing wealth and property for future

As a limited company director, contributing to a pension through your business isn’t just a way to secure your financial future. It can also be

Succession planning is a crucial aspect of any family business in the UK. A well-planned succession strategy ensures the continuity and success of the business,
When a business partner or shareholder dies or becomes critically ill, it can be a challenging time for the remaining stakeholders. Ensuring the continuity and

As a business owner in the UK, you may be eligible for Business Property Relief, a valuable inheritance tax relief that can help protect your

As a British expat with assets overseas, it’s crucial to consider estate planning to protect your loved ones and ensure that your assets are distributed
As we increasingly live our lives online, the concept of a digital legacy is becoming more significant, especially when it comes to charitable giving. In

When planning their estate, many individuals in the UK consider charitable giving as a meaningful way to leave a lasting legacy. We specialise in guiding

As we navigate the complexities of generational wealth, it becomes increasingly important to strike a balance between family governance and tax efficiency in UK estate

As we accumulate rewards in various loyalty programs, a crucial question arises: what happens to these hard-earned points when we pass away? Programs like British

We understand the importance of protecting your family’s assets, and that’s why we’re here to guide you through the complexities of Agricultural Property Relief and

Succession planning is a crucial consideration for mixed-nationality couples residing in the UK, given the complexities of international estate planning. With assets potentially spanning multiple

As a UK resident, managing digital assets held on overseas exchanges can be a complex task. Understanding the jurisdiction and access to these assets is

As we navigate the complexities of estate planning, a recent announcement from HM Revenue & Customs has significant implications for UK homeowners. The nil-rate band
When it comes to estate planning in the UK, understanding the Residence Nil-Rate Band (RNRB) is crucial, especially for high-value estates. The RNRB is a

As we navigate the complexities of estate planning, understanding the intricacies of the Residence Nil-Rate Band becomes crucial, especially for those inclined towards charitable giving

We understand that building an art collection is a lifelong endeavour, and deciding its future can be a daunting task. When considering the devolution of
As we plan for the future, we often consider how to protect our family’s assets while also making a positive impact on society. In the
Inheriting assets can be a significant event, but it’s crucial to understand the tax implications. In the UK, inherited assets may be subject to Capital

We understand the importance of protecting your family’s assets and avoiding unnecessary tax burdens. Double-taxation agreements between countries play a vital role in ensuring that

As a landlord with a buy-to-let portfolio in the UK, you’re likely concerned about the impact of inheritance tax on your estate. Many landlords are

As a UK resident, owning a property abroad can be a wonderful investment opportunity or a dream holiday home. However, it’s essential to understand how
As individuals with assets in multiple countries, understanding the intricacies of inheritance tax is crucial for effective estate planning. The Organisation for Economic Co-operation and

As the number of cohabiting couples continues to rise, with 3.3 million recorded in 2017, according to the Office for National Statistics, it’s crucial for

As a concerned grandparent or parent, ensuring the financial stability of your grandchildren is paramount. When they reside abroad, managing their inheritance or gifts can

Establishing a philanthropic organisation in the UK can be a meaningful way to create a lasting legacy while supporting causes close to your heart. We
As we plan for the future, we often consider how to make a lasting impact on the causes we care about. In the UK, charitable

As you consider moving abroad for retirement, it’s essential to understand how this decision will impact your UK estate plan and care fees. We will
We understand the value of supporting future generations through education, and we’re here to guide you through the process. Scholarships, grants, and bursaries are financial