Our Blog
Prevention is better than Cure
Why wait for a liability to Inheritance Tax or the enforced sale of your property for Care Home Fees? If you take action now by making the right sort of Will you can avoid these future maladies. A revocable Life Interest Trust Will cures the first and a Property...
£1bn extra inheritance Tax
Over the last 5 years the amount collected in inheritance tax per year has increased by £1bn. In 2014 the total take by the Treasury was £3.4bn. This government pledged to increase the threshold from which the tax is charged to £1m per person but has not done so. It...
Changes to Legislation
This last month has seen two major changes in legislation The Inheritance and Trustees Bill is now in force which makes further provision about the distribution of estates of deceased persons where there is no Will. The first £250k plus personal chattels goes to the...
Spouse Care Problems
Imagine your spouse developing Alzeimers and having to be taken into care as a result. Also picture that you have made mirror Wills leaving everything to each other in the first instance and that you own your home jointly. A scenario could develop where you die first...
£140K is the real Cap on Care Costs
The Institute and Faculty of Actuaries has now produced a report which indicates that as a result of the 'hidden charges' for care the Government's pledge of a £72K cap will cost on average £140K . Their research also found that only one in ten pensioners will ever...
Funeral costs 50 to 75 breakthrough
The price of a funeral continues to rise annually well above the cost of inflation. Whilst the average is now around £3284 it is estimated that by the year 2020 it will reach over £5600. A Will usually contains instructions on the wishes of the testator for burial or...
Pensioners beware
Planning by Wills and Family Trusts essential
Another unpredictable death
The death of Bob Crowe ,Trades Union Leader, at the age of 52 once again illustrates the unpredictability of death. After seeing reports of him in the national press only a few days earlier enjoying a sunshine holiday in Brazil the last thing one expects to see is...