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Inheritance tax is a tax on the estate (the property, money and possessions) of someone who has passed away. A person’s ‘estate’ is made up of everything they owned at the time of death, this includes: Money, both cash and money in bank...
A change in the law gives spouses and civil partners more money when an individual dies without a will, but many misconceptions about who inherits remain. When someone passes away in England and Wales without leaving a Will, they are deemed to have died...
The Competition and Markets Authority (CMA) have launched an investigation into online divorces, pre-paid probate plans and will drafting services which are provided by companies that are not solicitors. As reported by the BBC , complaints about these...
Scottish law firm, WW & McClure Limited, provided a variety of legal services including setting up ‘Family Protection Trusts’ which usually involved the settlor (the person who set up the Trust) transferring their home and investments into...
Did you know that only just over 40% people in England and Wales actually have a Will? Considering what you would like to happen to your assets when you pass away can be a taboo subject for some and a difficult topic to think about, however making a Will...
What are the new rules? In 2017 the UK introduced new anti-money laundering regulations requiring certain trusts with a tax liability to be registered with HMRC’s new Trust Registration Service. In 2021 the Government expanded these rules so that,...
Suffering a bereavement of a loved one can be one of the most challenging times many of us go through during our lives. If your loved one left a will and named you as executor, you may wonder exactly what is expected of you. Many people find it...
Following the death of HRH Prince Philip back in April this year, we discussed the possible contents of Prince Philip’s Will and considered to whom he may leave certain elements of his estate. We now know that for the next 90 years and possibly...
On 1 September 2021, a major change in the registration of trusts came into force when the Trust Registration Service (TRS) – part of HMRC – opened for non-taxable trust registrations. Previously, it had only been necessary to register taxable...
Lasting Power of Attorney Kate Garraway’s heart-breaking story of her husband Derek’s year-long battle with Covid has been made even more complicated by the lack of legal protection she and Derek had in place....
