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Penalised for Thrift

A report in the Sunday Times on the 27th March highlights the fact that privately funded care home residents are being unfairly penalised in the current economic climate because Councils are refusing to pay fair rates. This has meant that privately funded residents...

Charity begins at Home

New relief in the Budget The Chancellor outlined a new relief  from Inheritance Tax in the Budget last Wednesday. As you probably know bequests or gifts to Charities already  fall outside the Inheritance Tax net. The new relief is to be given to those persons who...

£40m rip-off by Banks for Probate work

On 23rd February the Office of Fair Trading said it has calculated that families could save a total of £40m per year by shopping around for cheaper professional executors to wind up the affairs of deceased relatives. High street Banks have now agreed to review their...

The Wealthy are giving it away

According to a recent survey an increasing number of Britons are getting around inheritance tax by handing assets to loved ones before they die. So says the Daily Mail today. According to the report the phenomenon is more prevalent among the wealthy who know they will...

Access Denied

Reports in ‘The Mail on Sunday’ today indicate that many Banks in the UK do not understand or accept Lasting Powers of Attorney. They also fail to recognise deputies appointed through the Court of Protection. As a result many carers are being denied access...