Tag: Inheritance Tax

Wills, Probate & Trust

Although Brexit has very little direct impact on the law relating to Wills, Probate and Trusts, we are very aware that it will have a considerable impact for many of our clients who may need to revisit their lifetime planning as a result.

Wills, Probate & Trust

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

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

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

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

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.