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Uncategorised  |  21:06:18
Beware executors – you’re liable for IHT, not the beneficiaries!
Executors are responsible for the administration of an estate after the death of an individual. While they may benefit from the Will left by the deceased, or under the intestacy if there was no Will, they carry some heavy burdens whilst fulfilling their duties to administer the estate.
Women-holding-small-house
Opinion  |  20:04:18
Inheritance Act claims – good news for cohabitees
The High Court’s recent ruling in Thompson v Raggett was notable in its departure from the Supreme Court’s previous guidance on cohabiting couples.
Cere home fees
Opinion  |  06:02:18
Care Home Fees and the Deliberate Deprivation of Assets – Word of Warning
Over the next 20 years the number of people aged 65 and over is estimated to increase by nearly 50%, a total of approximately 4.75 million people. This means that increasing numbers of families are having to consider the costs of paying for care at a nursing or residential home, costs which are now exceeding £1,000 on average per week.
Opinion  |  04:07:17
The new online trusts register – what do trustees need to do?
HM Revenue & Customs (HMRC) are due to release their new online Trusts Registration Service imminently. The entire process of registering and updating trust details will go digital this year, replacing the paper 41G (trust) forms, in an effort to crack down on money laundering and tax avoidance as well as to reduce delays and errors through lost paper forms etc.
Opinion  |  04:01:17
80% inheritance tax bill? Setting the story straight
The Telegraph published an article in December entitled “Inheritance tax shocker: Some families will pay 80pc”. Be assured, there is no 80% inheritance tax rate, and this “shocker” only applies in very limited circumstances.