Inheritance Tax and Unused Pensions: Changes are Coming
For many people, pensions have been a smart way to manage Inheritance Tax (IHT) and pass on wealth efficiently. But new rules announced in the 2024 UK Budget mean that strategy is about to face a shake-up. From April 2027, unused pension funds will be brought into the...
The Dangers of Relying on a Do-It-Yourself Will
With so many legal templates now available online, it’s understandable that people might consider writing their own Will to save time and money. Do-it-yourself Will kits and downloadable forms promise simplicity and low cost. But when it comes to planning what happens...
Liferent Will: What are the benefits and why do you need one?
Liferent Will: What are the benefits and why do you need one When it comes to estate planning a Liferent Will is a different way to protect your assets and secure your family’s future. This powerful document allows you to keep control of your property during your...
Who can be appointed executor when there is no Will?
When someone dies and they have a Will, the question of who the executor is can be found in the Will. That, of course, assumes the executor named in the Will is still alive and in full control of their faculties. That means we need to consider who can be appointed...
A survivorship destination is a special destination but how might it affect your estate?
When two or more people buy a house, the title will be structured so that it is held jointly. Most titles are held equally between two owners of a property but more than two people can easily hold the title. The key factor is that the property is jointly owned. What...
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