I sit in the corridor outside the courtroom, throat dry, the mounting legal bill a constant weight in my mind. The walls around me feel as constricting as the situation
The Sad Facts of Wilkinson v Hicken (2023 EWHC 1983 Ch) The case of Wilkinson v Hicken tells a poignant story of fractured family relationships, unresolved grievances, and a controversial
Table of Contents The latest government budget has sent ripples through the UK’s agricultural sector, especially affecting small family farms that have sustained the country’s rural economy for generations.
Table of Contents A Significant Shift in Estate Planning The recent announcement by Chancellor Rachel Reeves to impose inheritance tax (IHT) on pensions from April 2027 has sent shockwaves
Table of Contents You’ve worked hard your whole life, diligently saving up a substantial pension pot, and understandably, you want to make sure it benefits your two sons after you’re
The Impact of the 2024 Budget on Tax, Business and Inheritance Planning The recent budget changes have introduced a new direction for the country’s economic and fiscal policies. These shifts
Table of Contents Inheritance tax laws are changing, and for high-net-worth individuals, these updates could have significant implications, especially concerning pensions. With new UK tax proposals aimed at including
Table of Contents Introduction Inheritance tax impacts the transfer of wealth from one generation to another. If you have an estate valued at £2M, you should take professional advice. The
Being a trustee carries a significant set of legal obligations, including intricate reporting requirements set by HMRC. Whether you’re stepping into this role through nomination, execution of a will, or
The Reality Check The sight of an ambulance blocking a near neighbour’s drive, was a concern, as was the sight of a body being carried out on a stretcher. Barbara
Feathers and Foundations: How a Tragic Encounter and a Tale of Two Sisters Bridged the Divide with Trust and Transformation. A telephone call marked by frustration set the stage for
As I sit down to share my bitter experience, it’s with a heavy heart and a wiser perspective on the importance of being prepared for life’s unexpected turns. My journey
Bona Vacantia was a term unfamiliar to me until, as a distant relative of someone who passed away six months ago, I found myself in a perplexing and somewhat disheartened
Residence Nil Rate Band: Maximise your IHT Allowances Launched in April 2017, the Residence Nil Rate Band (RNRB) is your ticket to boosting your inheritance tax threshold when passing down
The Story of David and Mary David, an IT consultant, was deeply immersed in the digital world. His life was a rich tapestry of online interactions, from securing cherished family
Trust Protector: Balancing Family Involvement and Security in Trust Management When I decided to set up a trust, it was a big step towards securing my family’s future. I’ve chosen
LEI’s and Trust Registration: An Investor’s Reflections In the ever-twisting labyrinth of financial regulations, I, as an investor, find myself at a crossroads with the Legal Entity Identifiers (LEIs) and
Creating a Gift with a Reservation of Benefit: When you’re thinking about creating a gift with a reservation of benefit, it’s like entering a complex legal labyrinth. You need to
A letter of wishes is more than just a document; it’s a heartfelt message that accompanies your will or trust. Unlike the formal jargon of legal documents, a letter of
Pilot trusts are helpful if you are concerned about the safety of your family after you pass away or if you want to make sure that as many of your
Asset Preservation Trusts The new pension freedoms rules mean that you can nominate your money-purchase pension to whomever you like; there are tax advantages to doing so. This doesn’t apply
The topic of reducing inheritance tax (IHT) liability is an important consideration for many individuals and families. The current landscape of rising asset values and the static IHT allowance of
Trusts have existed since the time of the Crusades. Over the years, there have been numerous legal cases concerning trusts, and the decisions made in those cases have shaped trust
Power of Attorney When it comes to managing the affairs of a loved one or someone in need, understanding the legal tools at your disposal is crucial. In this comprehensive
Trusts play a pivotal role in estate planning and asset management, offering a secure means of preserving wealth and assets for generations. In order to combat tax evasion and fraud,
Passing on the legal right for someone to make decisions for you might not be the easiest decision to make. However, it can give you peace of mind in the
No one enjoys thinking about the possibility of a loved one passing away. But, it’s important to make sure there’s a strategy in place to prepare for the inevitable, and
Consider your long-term exit strategy whether you are contemplating starting a firm or are already operating one. Do you want to get the most money possible when you sell the
Investment Planning for Your Children: Securing Their Financial Future Raising children comes with enormous financial responsibilities. Parents often find themselves juggling the costs of childcare, education, and their own mortgage
Pension Income Drawdown is now a well-established and popular choice for many retirees, but he majority of retirees are unaware of the hidden dangers to their families if they fall
Walter Swinburn, often hailed as one of the shining stars of his time in the world of horse racing, has sadly passed away at the age of 55. After taking
No Relatives and No Will We were contacted recently by someone from the Bona Vacantia, this is a government department which is passed details of estates without heirs. You may
HMRC announces a new disguised remuneration settlement “opportunity” HMRC announces a new and final settlement opportunity for employers, employees and contractors who have used disguised remuneration schemes in the past.
Attorneys on LPA’s – avoid the financial consequences of negligence. If you have been appointed as an Attorney under a Lasting Power of Attorney and you have commenced acting as
How ‘resident non-doms’ can bring money into the UK. People who are UK-resident but not UK-domiciled can face significant tax penalties if they move income or gains earned overseas into
Updating Your Will: Why It’s Crucial Recent changes in legislation and increasing property values may render your will outdated. Continue reading to learn why and what steps you should take.
The government’s take of inheritance tax has risen to its highest ever level. Read on to find out how to protect your legacy.
If a business property forms part of an inheritance, find out how you could be eligible for inheritance tax relief of up to 100%.
By Ray Best, MD of Wills, Tax & Trust Group If a partner or co-director of a business dies or is incapacitated by illness or accident, it could take as
4 Beech Court, Wokingham Road, Hurst, Berks, RG10 0RQ We work from modern offices set in an idyllic location very close to the village of Hurst. All our appointments are
