Search our website

Type in the box below to search the website. Need help? Please contact us.

Samuel Phillips Law Blog

Wills, Probate & Trust

Wills, Probate & Trust

Tax Planning and Coronavirus

Tax planning during lockdown might seem like a strange concept, but if you are fortunate enough to be in the position of having surplus income or capital, now might actually be a key time to consider your position.

Wills, Probate & Trust

Your £1M inheritance tax free allowance is finally here… or is it?!

At the moment I am finding it hard to remember a time pre Covid-19. Before that it felt like Brexit had been with us forever. But, if you think back very hard, before all of that, when Boris was still the Mayor of London, you might remember an announcement that the inheritance tax threshold would be increased to £1M. Well today, 6th April 2020, is the day when that announcement finally becomes reality….. well sort of. In reality, having the full allowance available depends on many things, including the contents of your Will.

Wills, Probate & Trust

Helping the vulnerable self-isolate – the role of the financial attorney

We are living in worrying times. For many of us, our major concern is not for our own health, but for the health of our loved ones, particularly the elderly or those with underlying health issues. When faced with so much uncertainty and worry it can be reassuring and comforting to know that there is a practical way for us to be of use to those we love.

Wills, Probate & Trust

How to make a Will and observe social distancing

All of the uncertainty as a result of the Coronavirus pandemic is making people worry about all sorts of things. It is unsurprising that one of these is their Will. Our Wills, Probate and Trusts team have thought carefully about this and have developed solutions which ensure that you will still get the same excellent service, tailored advice and protection from Samuel Phillips Law, whilst also maintaining social distancing and complying with the latest government guidance.

Wills, Probate & Trust

Your tax year end checklist

When the clock strikes midnight on 5th April, millions of pounds of tax allowances and exemptions will be lost without being used. We caught up with Simon Davis from The Grove Private Wealth Limited to get his top tips for maximising your allowances, whatever stage of life you are at.

Wills, Probate & Trust

How long would your business survive without access to the business bank account?

Your banking app or internet banking service being down for just a day can be hugely inconvenient. Imagine that it was not just being unable to view your statement or make new one off payments, but that all of your accounts were actually frozen.

Wills, Probate & Trust

Is your client due an Inheritance Tax Refund?

In 2017 the Inheritance Tax Residence Nil Rate Band (RNRB) was introduced. The calculation of this allowance can be incredibly complex.  In fact, it is so complex that HMRC have actually been calculating the tax due from estates incorrectly in some cases.

Wills, Probate & Trust

If you’re considering divorce, or in the midst of divorcing, don’t overlook making immediate changes to your Will

Going through divorce is one of the most stressful experiences in life. On the Holmes & Rahe Stress Scale, it ranks higher than imprisonment and is second overall.  It is akin to grieving upon the death of a loved one.

Wills, Probate & Trust

Where there’s no Will, there’s a way

The grieving process can be traumatic and highly emotional, which can often be made significantly worse once family, friends and loved ones look to sort out the deceased persons affairs. From time to time, we deal with families where their loved one did not leave a Will, or in some cases, where they have been left out of the Will entirely.

Wills, Probate & Trust

How to make giving your child a deposit inheritance tax efficient – lifetime giving explained

Lifetime giving done well can be an ideal way of passing on wealth and seeing the benefit, whilst also saving tax on your death. The problem is that the tax rules are both unnecessarily complicated and often misunderstood.

Wills, Probate & Trust

So just how secure is your business?

Everyone who’s run a business has woken up in cold sweats over deadlines, staff, buildings, anything of detail in the business but very few have sat back and looked at the biggest risk to their business… their not being in it.

Wills, Probate & Trust

Making your Will? Don’t be like Aretha – make sure your wishes are shown a little R.E.S.P.E.C.T

Aretha Franklin died on 16 August 2018. Just over a year later there are still ongoing court proceedings about her Will… or should that be Wills. 

Wills, Probate & Trust

Samuel Phillips Law helping Make a Will month to succeed

Samuel Phillips Law is taking an active part in this year's St Oswald’s Hospice’s Make a Will month. It means that throughout June, it will offer Wills at a special rate and donate the fee to St Oswald’s.

Wills, Probate & Trust

Property Trust Wills reduce the worry of care home fees

When couples make a will, the majority are unaware that they can increase the amount of money they can pass on to their heirs through a Property Trust Will in a way that mitigates care fees.

Join our newsletter

Get free tips and advice and stay up to date with legal news by joining our newsletter!