Blog

Category: Wills

How will Inheritance Tax rules changes affect you?

How will Inheritance Tax rules changes affect you?

In 2017 the rules on Inheritance tax (IHT) changed, with the intention that eventually married couples and civil partners will be entitled to pass on assets worth £1 million, including the family home, without paying any inheritance tax by adding a new Nil Rate Band...

Are you a Joint Tenant? Find out why this matters

Are you a Joint Tenant? Find out why this matters

Joint Tenants or Tenants in Common There are 2 ways of owning a property* – Joint Tenants (JT) or Tenants in Common (TIC). When a property is bought and registered with the Land Registry, the electronic title deeds will show who the owners of the property are....

2nd Marriages – How to solve the Property Dilemma

2nd Marriages – How to solve the Property Dilemma

How can you leave your property to your children but allow your new partner to stay living in the house? By using a Property Will Trusts for 2nd marriage Case study DAVID owns a house worth £300,000. He bought it after his divorce settlement. It’s in his sole name. He...

Category: Power of attorney

What happens if you have separate finances?

What happens if you have separate finances?

This could affect you. Separate accounts? Separate property? Separate children? These days, it’s not only our families that are more complicated, but also our finances.  It’s quite common for couples to separate their finances, or some of them.  Even if you...

What have we learnt from 2020?

What have we learnt from 2020?

2020 has been dominated by the Covid-19 pandemic.  It's affected us all in one way or another.  Neither military power nor wealth has been able to stop the destructive global spread of this tiny member of the...

Category: Probate

Do your debts die with you?

Do your debts die with you?

Myth: All your debts will be written off when you die Mortgages, loans, credit cards, car finance…..whatever the debt, there’s a myth where people think their debts are written off when they die. But that’s not the case.  Any assets you had before your death,...

What is the 7-year rule?

What is the 7-year rule?

The 7-year rule only applies to liability for Inheritance Tax (IHT). If your total estate at death is valued at more than the Nil Rate Band (NRB)*, there will be Inheritance Tax (IHT) of 40% due on the remaining amount. Can you give away your money before you die?...

Who can do probate for a will?

I’m sure you heard of the recent deaths of high profile figures – Terry Wogan, Frank Finlay, David Bowie and Alan Rickman. There are also many other people who die every day, and this has a huge impact on their family and friends, even if it doesn’t make the...

Category: Blog

Funeral cost: £4000 and rising!

Funeral cost: £4000 and rising!

Few of us want to think about when we are no longer here.  However, more and more people are now coming to realise that planning – and paying for – their funeral arrangements in advance is a huge help to their family and will also save costs. In 2017 the average...

Don’t be one of the 86%!

Don’t be one of the 86%!

Once you sign your Wills, most people give a sigh of relief that ‘everything is now sorted’. However, outdated legal documents can cause havoc on your family wealth and personal representatives. A recent consumer survey* found that 86% of respondents who had Wills and...

What can you do to cut the cost of a funeral?

The cost of an average UK funeral is steadily rising far in excess of inflation, and this trend looks set to continue in the future. If you are setting money aside in a savings account or savings plan, it will be pretty impossible to match the cost of funeral...

Category: News

Every little thing gonna be alright – or is it?

Bob Marley famously sang: "Don't worry about a thing, 'cause every little thing's gonna be ok" (Three Little Birds) Jamaican singer-songwriter, Bob Marley, had 6 children by different ‘baby mothers’ and 3 by his wife, Rita. Despite the singer’s battle with...

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