I am going to inherit some money…what do I do? If you are not sure what to do with inheritance, we have outlined some options available to you in this article. There are two potential situations. The first is you think that when your Mum Dad or Auntie dies, you will...
The pros and cons of moving the tax year end Private Wealth Solicitors The last couple of reports from the Office of Tax Simplification (OTS) that this writer has read have been bad for his blood pressure, they seemed designed to remove most of the last vestiges of...
Should a Will be made public after I die? Private Wealth Solicitors After reading that Prince Phillip’s Will is to be kept secret for 90 years. I suspect it is a question that many people have been asking. The strict legal answer is that under the Non-Contentious...
Raising tax and paying social care fees Private Wealth Solicitors There is a lot of politics on which I could comment but in the spirit of political neutrality I will try to avoid that and just comment as objectively as possible. Whatever you think about tax and big...
The Probate Application Process must change Probate Solicitors I have been a solicitor specialising in Inheritance tax and Probate work for over 40 years, however in the last two years we have seen a deterioration in the service offered by both HMRC Inheritance Tax...
Law Commission review of the law of Wills Wills Solicitors The Law Commission is a body that reviews law in this country and puts forward recommendations for change. Currently it has two ongoing projects that touch on the work of the Private Wealth and Inheritance...
Commonwealth Resealing – Is my Will legal in the UK? In order to prove an overseas Will in the UK it is generally necessary to prove that the Will complies with the internal law of the country in which the Will was made and or of the country in which the maker...
Should I get married for tax reasons? Traditionally the emphatic answer to this question was NO. But in recent years we have seen the increase in the number of long-term relationships where there is no marriage or civil partnership, coupled with an increasing number...
Are we going to see changes to Inheritance tax or Capital Gains Tax? When I first agreed to write this article it was assumed that the March budget would include provisions to tighten up Capital Gains tax (CGT) and Inheritance tax (IHT). But there were no...
Update: Registering a Trust with HMRC’s Online TRS As part of the UK government’s implementation of the 5th EU Money Laundering Directive almost all Trusts are required to be registered with HMRC using the Online Trust Registration Service (TRS). Online Trust...
