A look at the much-maligned inheritance tax, and how writing your Will correctly with a well-trained solicitor can reduce your anxieties.
Using a Deed of Variation you can legally change a Will – but there are strict conditions. It is a way of reducing your inheritance in favour of someone else.
When planning your estate, you should take account of inheritance tax and the associated thresholds. It will help you to look after your beneficiaries when you are gone.
Currently, in England and Wales only those who are married or civil partners do not have any inheritance tax to pay on assets left to them by their spouse. Any other class of people who live together do not enjoy the same inheritance rights and can potentially see an inheritance tax bill of 40% of […]
Inheritance Tax or ‘the dreaded tax’ as it’s sometimes known continues to rise, with HMRC receiving £5.4 billion in 2018/19, compared to £5.2 billion the previous year. A review of inheritance tax by the Office of Tax Simplification (OTS), requested by Chancellor Philip Hammond, has suggested several changes to make Inheritance Tax on gifts to […]