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Sarah Begley
 

Inheritance tax threshold frozen until 2026 - but why is IHT planning still important?

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If you intend to leave savings, property or other assets to family or friends after you die, you need to consider inheritance tax (IHT). It could cost your heirs up to 40% of their inheritance. By planning ahead, you can minimise IHT and ensure as much of...

Power of Attorney & protecting the rights of people with dementia

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Dementia Action Week runs 17th - 23rd May 2021 and is a national event that sees the public coming together to take action to improve the lives of people affected by dementia. When a person receives a dementia diagnosis, this doesn’t automatically...

A fifth of parents give early inheritance to avoid tax

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Recent research has revealed that one fifth of parents have transferred assets to their children to lessen the amount of inheritance tax payable on their estates. Direct Line’s research revealed this amounted to more than 6.9 million parents and the...

New year, new you?

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There is no denying that 2020 is a year which will go down in history - for many reasons. The global pandemic, Brexit, and the fallout from these events has had a significant impact on many areas of our lives. These events may have far-reaching implications...

Mantain Social Distancing Whilst Creating a Will

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Writing a Will at the moment comes with some extra complications, as the social distancing measures in place could make it harder to get a solicitor or to find someone to witness your Will. Experts are warning against self-directed videos following...

A Beginner's Guide to the End

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What’s one of the best things you can do for your loved ones, apart from caring for them well in this life? Sort out your paperwork before you die. Yes, that’s right. Imagine if you hold lots of accounts online where you receive payments for...

A simple guide to Power of Attorney

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When to hand over power of attorney – a gentle guide for dementia sufferers and their family For years, the worry of cancer was one of the UK’s biggest health concerns. Now, another devastating disease has taken its place at the top of the...

Heir Hunters - Don't let the state get your estate!

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Every year, thousands of people die intestate or without a will. That means they haven’t left any clear guidelines as to how they want their estate divided up among their beneficiaries. The numbers are incredible too, with around 70% of the UK...

Avoiding inheritance disputes landing in court

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High profile inheritance disputes follow celebrities and the super-rich as surely as night follows day, but such challenges are becoming increasingly common, whatever the values involved. Some of the names to have made headlines include the...

Cutting someone out of your will

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Making will is an important life decision that could save your relatives a great deal of heartache once you’ve gone. You can express your wishes, designate who gets what, and that’s the end of it. Or is it? Law firm Nockolds reported that...

Who is entitled to an unclaimed estate?

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First, what is an unclaimed estate? An unclaimed estate or unclaimed inheritance occurs when someone dies intestate, i.e. without leaving a will. It may also happen when an old will is in place and the person’s intended beneficiaries died. The general...

Are you liable for inheritance tax?

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It’s a worrying thought that due to the rise in value of property in the UK, more people are finding that they may fall into the inheritance tax bracket. When dealing with the death of a loved one the last thing you would expect is an inheritance tax...