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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...

CoronaVirus

The onset of this virus has made people more aware of the necessity of having a Will. It also begs the question as to whether or not this means that Will Writing is an essential business. Usually, to take instructions, face to face meetings are held to explain the...

It pays to be civil

From last New Years Eve mixed sex couples can enter into a Civil Partnership and enjoy most of the benefits of being married This is a legal relationship which provides some real financial benefit to those who live together without getting married. The set up costs...

You can change it you know

If needs be you can change a person's Will after death, provided any beneficiaries left worse off by the changes agree. Even where there is no Will and the intestacy rules apply changes can be made to inheritances in the same way as if there is a Will. Any changes...

Have you a Vulnerable Beneficiary?

It may happen that one or more of the beneficiaries of your Will can be classed as Vulnerable. This is usually someone who is registered as disabled (or would be if an adult) or is a minor who has lost their parents.It could be a person who has lost the ability to...

A Hidden Asset

To prepare for writing a Will it is usual to estimate the value of all the assets which form part of the persons estate. this is done for various purposes including that of considering whether or not any Inheritance Tax may be payable on the total. Many employed...

A Family Affair

It is a wonderful thing to start a new family. All the preparations that go into providing food,clothing,shelter and entertainment prior to the arrival and then the wonderful care and attention that follow. It certainly takes over family life for many years into the...

A New Year Resolution

A Prudent Person will resolve in the new year:- To make a Will, prepare a Lasting Power of Attorney and purchase a Funeral Plan How Prudent are you?

A New Year Resolution

A Prudent Person in the New Year will resolve :- To prepare a Lasting Power of Attorney To purchase a Funeral Plan To make a Will How prudent are you?