Inheritance Tax is a tax on the estate (the property, money and possessions) of someone who’s died. Married couples can, with proper planning, pass on up to £1m tax free, but many with personal wealth above this amount are voluntarily paying over the odds by failing...
It used to be a principle of UK law that we were free to leave our estates on our deaths to anyone we chose. However, legislation passed in 1975 changed things dramatically. Now an individual can claim that a deceased’s will, or failure to make a Will meaning the...
What is meant by ‘knowledge and approval’ when contesting the validity of a will? For a will to be valid, the person making the Will (“the Testator”), in addition to having capacity, must have understood and approvedits contents. What happens if suspicious...
A Lasting Power of Attorney is a document that allows a person to appoint trusted individuals to make important decisions about care and finances on their behalf, in the event of a loss of mental capacity through an accident or illness such as dementia. It is by far...
Can I protect my assets during my lifetime? We are all keen to protect our assets for our loved ones, during our lifetime AND after our death. We want to do the best for our spouse/partner and children. However, there are many questions that need addressing before the...
