Estates

What issues does Covid-19 raise for Estate Planning in 2020?

Massive public spending during the Covid-19 crisis means the government will almost certainly increase taxes in the short to medium term. Additional austerity seems implausible and government borrowing is already stretched. The government will be emboldened in its revenue-raising task…
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Covid 19, Wills & Tax Planning

Covid 19, Wills & Tax Planning Ian Bond TEP, chair of the Law Society’s wills and equity committee, recently stated to the Daily Telegraph that levels of requests for will drafting are now up 30 per cent. That corresponds to what I have…
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Inheritance Tax in the New Era

Inheritance Tax in the New Era: 2020   When Sajid Javid, the Chancellor of the Exchequer, hinted at the 2019 Conservative Party conference that scrapping inheritance tax ‘was on his mind’  he was merely taking his place in a long…
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An eye opener on Wills – A few facts

New research by Royal London reveals that 5.4 million adults without a will do not know how to begin if they were to write one. 5.4 million adults without a will would not know where to begin if they were…
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Should you be worried about the PROBATE FEE hike?

The government has recently announced substantial increases in the fee to obtain the grant needed to take control of a deceased’s estate. The new fees, payable to the probate registry and due to take effect in April 2019, amounts to…
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Residential Nil-Rate Band – What You Need To Know

HMRC has updated the sections of its inheritance tax manual covering the crucially important residential nil-rate band for inheritance tax. The new sections can be found at IHTM46000 onwards. HMRC Guidance – http://bit.ly/2ektrwD HMRC Manual – http://bit.ly/2pDCcnW The Guidance is…
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