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BUDGET 2024 The Changes To Inheritance tax

The budget 2024, our new Government has decided in it's first budget to raise further income for the Treasury by increasing Inheritance Tax. Whilst the rates have not increased the existing allowances (ie nil rate bands), have been extended for a further fixed period...

A Right of Residence

A Right of Residence is something you can include in your Will If you own a house and want to make sure that someone can continue living there after your death one of your options is to create a Right of Residence for them. This will make sure that the person keeps...

It pays to be civil

Mixed sex couples can enter a Civil Partnership and enjoy most of the Tax benefits of being married. This is a legal relationship which provides some real financial benefit to those who wish to live together without getting married. The set up costs are nominal...

Witnesses

Make sure your Will is properly witnessed. Failure to do so will make your Will invalid.You need two independent persons present at all times when signing your Will. They do not need to know what is in the Will but only to know what document is being signed and that...

To Give could be to Receive

The act of giving is often cause for receiving also. To receive a 'thank you' for a gift or present sent to loved ones often gives as much pleasure as receiving a gift. A 'thank you' you will not receive however is one after you have died without leaving a Will....

How caring is this?

At last the Government has announced it's proposals for Health and Social Care Reform. They introduce a lifetime funding cap of £86000 for any individual requiring personal care. It also proposes that you will be liable to meet the funding in full if your total assets...

Worry not

There is much emphasis at present on mental illness The combination of Coved, shutdown,, self-isolation, lack of normal illness treatment has created considerable fear in the minds of many people. Being left with one's own thoughts for over eighteen months has a...

Still Unresolved

Once more the Government has delayed any revised policy on Care Home Fees for those requiring care in later years. This means there is still a great potential liability on all those who own property and other assets which could result in little or nothing being left...

Long Life

Most people want to continue living as long as possible . Modern understanding of diet and exercise combined with ever improving medication appears to be extending the period of life for the majority. However older age does bring with it potentially more risks. As we...

Ask Yourself

Are you a Single Parent? Are you living with a partner but not married? Are you just divorced? In any of these situations you should seriously consider making a Will. By doing this you can name guardians for your infant children, ensure your existing partner inherits...

Are You really prepared for Coved?

Provided we all follow the lockdown rules then we can assume we are doing sufficient to meet the Coved crisis But are we prepared if we catch the virus? If it knocks us seriously ill and we become unable to manage our affairs either financial or healthwise who will do...