Archive: December 2016

Attention Anyone Living in Scotland

20th December 2016

Those living in Scotland face higher tax bills The Scottish Parliament announced their budget for the 2017/18 tax year on 15 December 2016. Rather surprisingly they have decided to subject Scottish taxpayers to a higher tax bill than those in the rest of the UK. For anyone living in... read more

Posted in: News, Tax

Running the Risk!

6th December 2016

According to data from the Institute of Financial Accountants and solicitor search engine, Prudential and Unbiased.co.uk, 59% of adults have yet to complete a Will. The information gathered suggests that the older age groups (over 55) saw a drop of 6% in Will completion compared to last year. Those... read more

Posted in: Estate Planning

Understanding and Reducing Inheritance Tax

1st December 2016

£4.6 billion was paid in Inheritance Tax revenues last year, and by 2020 one in 10 estates could be charged Inheritance Tax. Inheritance Tax is charged on your estate when you die, at a flat rate of 40%. With the current threshold sitting at £325,000 a great many people... read more

Posted in: Inheritance Tax, Tax

Probate Fraud – Money, Misuse and Manipulation

In a situation as sensitive as probate, committing fraud may seem almost incomprehensible.  This does not, however, mean that it does not occur, with some individuals abandoning any consideration for the bereaved and committing fraud in regards to the assets of the deceased. By taking advantage of the dead... read more

Posted in: Estate Planning, News