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Probate Fees to Return

18th December 2018

Probate fees are set to be re-introduced in April 2019 after they were first proposed in 2017. This will see a considerable increase in probate application fees for higher-value estates. The breakdown below summarises the new charges for probate applications: Many view this introduction as a ‘back-door’ tax, which... read more

Posted in: Estate Planning

The cost of a funeral

3rd December 2018

The Competition and Markets Authority (CMA) has recently released a report detailing the inflation in price for funeral and crematoria services – an inflation that has been labelled ‘unjustified.’ Below is a summary of the key figures the CMA have identified, along with potential factors to look out for... read more

Posted in: Estate Planning

How to avoid a dispute over your Will

18th November 2018

As the number of disputed inheritances increase, it has never been more important to have a properly drafted Will in place. Recent reports are demonstrating that the amount of people writing an up to date Will is steadily increasing. In 2017, 39% of individuals in Great Britain had a... read more

Posted in: Estate Planning, Inheritance Tax

Unclaimed UK Estates May Total Billions

15th August 2018

According to the latest figures from the UK Government, there are currently 9,254 unclaimed estates in the UK. With the average value of an estate worth around £150,000, the amount of this unclaimed inheritance could total billions. Sadly this situation means that property, money, personal belongings and other assets... read more

Posted in: Estate Planning

Inheritance Tax Revenue Breaks £5 Billion

13th August 2018

UK Inheritance Tax (IHT) revenues have broken the £5 billion mark, totalling a hefty £5.2 billion this year, up from a £4.7 billion last year. With an ageing population, increasing property values and fairly static allowances IHT revenues look set to grow and grow. Within the latest government report,... read more

Posted in: Estate Planning, Inheritance Tax

The Importance of Later Life Planning

8th August 2018

Whilst Lasting Powers of Attorney (LPA) are rising in popularity, latest figures show that fewer than 1 in 10 adults have drawn up one of these important documents. An LPA is one of the best ways to protect yourself and your wishes, should you become unable to make financial... read more

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Understanding the role of a personal representative

27th June 2018

As you may be aware, the importance of appointing the right personal representatives of an estate reign high in order for wishes contained in the deceased’s Will to be fulfilled as smoothly as possible. However, merely granting someone as your personal representative should not be a tick-box exercise, but... read more

Posted in: Estate Planning, News

Do I need more than one Will?

23rd May 2018

It would seem that the nature of Will writing does not necessarily accommodate for a globally mobile lifestyle, a lifestyle which is becoming increasingly common and one we help clients to financially negotiate every day. If you own assets in more than one jurisdiction, it can be difficult to... read more

Posted in: Estate Planning

The pitfalls of DIY Wills

9th May 2018

Latest figures reveal only 59% of the UK have written a Will. Of those people, 6% have chosen to write a DIY Will. While there are some advantages to ‘create-your-own’ Wills, there are even more pitfalls. Here, we explore some of the reasons why DIY Wills may not be... read more

Posted in: Estate Planning