Currently browsing Estate Planning

Common-Law Marriage – Will my Partner Benefit?

14th February 2018

The phrase ‘common-law marriage’ tends to be a familiar one and refers to a situation in which a couple is considered married, without having formally registered their relationship. When considering estate planning though there is a misconception that if you live with someone, your assets will simply pass to your... read more

Posted in: Estate Planning, Inheritance Tax

Combining Families – Tips for Writing a New Will

9th February 2018

When most couples write a new Will they tend to leave everything to their partner, especially if they have children. This is due to the common belief that on the surviving partner’s death everything will simply be passed to the offspring. In many cases this approach works well. However,... read more

Posted in: Estate Planning

Can a Will be Challenged?

7th December 2017

A Will is the best possible way to ensure that your assets are distributed precisely according to your wishes after you pass away. Nonetheless, there are a number of different factors which can allow for it to be challenged. The main reason is a ‘lack of testamentary capacity’ –... read more

Posted in: Estate Planning, Inheritance Tax

Acting as an Attorney

6th December 2017

The number of people making use of Lasting Powers of Attorney (LPAs) has increased enormously in recent years. In fact, according to data from a Freedom of Information request, the number of LPAs has increased threefold since 2010. This is undoubtedly a good thing; LPAs allow someone to nominate... read more

Posted in: Estate Planning

What can Legacy Giving do for your Tax Bill?

4th December 2017

Who are you going to leave money to in your Will? Your spouse or partner is probably first in line, any children or extended members of the family may pop up here and there too. But what about charity? Thousands of people every year choose to leave a gift... read more

Posted in: Estate Planning

Can a Trust Help You?

16th May 2017

There are few taxes more unpopular than Inheritance Tax. A poll by the financial website, loveMONEY last year found that an incredible 90% of Brits believe it is unfair. However, there are a number of perfectly legitimate ways to reduce the amount of tax your estate will have to... read more

Posted in: Estate Planning

Is One Lasting Power of Attorney Enough?

2nd May 2017

How we look after older people requiring care is at the top of the national agenda at the moment, as the Government grapples with the care funding crisis. More people than ever before need care in their old age, with dementia a growing problem. According to the Alzheimer’s Society,... read more

Posted in: Estate Planning

Before You Forget…

14th March 2017

Considering what will happen if you or your partner becomes unable to make decisions for themselves due to old-age memory issues or dementia can be an uncomfortable thought: At breakfast this morning, a woman said to her husband: “My memory is getting really poor, I went upstairs yesterday to... read more

Posted in: Estate Planning

Should I be Trusting?

There are many positives to creating a trust. They can help you reduce your tax burden and protect your intended beneficiaries. However, there are many different types of trust and understanding the differences between them will help you establish which is right for your circumstances. Discretionary trust With a... read more

Posted in: Estate Planning