IHT, Wills and LPAs Archives - Page 2 of 2

Tax traps the bank of mum and dad should avoid

July 26, 2018

With the Bank of Mum and Dad regularly helping to finance property transactions for their offspring, it’s important for parents to be aware of the tax consequences of doing so. Research has shown that scammers frequently search for information in social media profiles, emails and [...]

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Why IHT planning matters

December 8, 2017

The amount of revenue that the government raises from inheritance tax (IHT) continues to rise year by year. In 2016- 17, the figure rose again to over £4.9bn¹, with experts expecting it to be even higher in this financial year. Controversially, the threshold at which [...]

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Lifetime ISAs growing in popularity

December 8, 2017

Despite a relatively low-key launch, the Lifetime ISA, or LISA as it is often referred to, is proving popular with young savers. So far, 28,000 savers have opted for the cash edition of the product and early indications are that the stocks and shares version [...]

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U turn on probate fees

July 3, 2017

Ahead of the general election, the government postponed plans for a sharp rise in probate fees. Obtaining a grant of probate is the process by which someone is given authority to deal with the property, money and possessions of a person after they die. It [...]

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Wills- Don’t leave it too late

July 3, 2017

Statistics from the Alzheimer’s Society show that there are around 850,000 people living with dementia and the number is expected to rise to over one million by 2025. Charities that care for the elderly advise everyone to plan for a time when they might not [...]

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LPA – why numbers are rocketing

April 3, 2017

There has been a huge rise in the number of Lasting Powers of Attorney (LPA) created, prompted no doubt by 2016 figures showing that dementia and Alzheimer’s disease have overtaken heart disease and cancer to become the biggest cause of death in the UK. Figures [...]

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IHT planning for couples

January 3, 2017

From 6 April 2017, there is an important change to Inheritance Tax (IHT) that families need to be aware of so that they can plan their wealth effectively for the future. This change is often referred to as the ‘family home allowance’ but is more [...]

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