The new 'residence nil rate band' (RNRB), reducing inheritance tax for some estates is great news for those with estates under £2 million but less so for those with estates over £2 million.
Recently there has been a lot of publicity surrounding the case of Heather Ilott, who successfully claimed against her mother, Melita's estate after she died.
There have been some surprising results in a number of recent cases examined by the courts regarding Wills made by people whose mental capacity is diminishing due to dementia or otherwise.
Another case of a daughter disputing her parent's Will (Ames v Jones) has been in the news recently. This follows the much-publicised case of Heather Ilott's successful claim against her late mother, Melita Jackson's estate.
The draft Finance Bill 2017 published this week has confirmed that the days when people could effectively live in Britain for most of their lives yet avoid British taxes is more or less over.
We frequently receive requests for ‘back to basics’ guides on putting your legal affairs in order. In this issue, we cover Lasting Powers of Attorney (LPAs).
George Osborne's promise of a shiny new £1 million inheritance tax threshold at the Conservative Party Conference back in 2007 finally came to fruition in the Summer Budget of 2015.
We are delighted to take part this month in a campaign run by The Hospice of St Francis and to offer a free Will writing service in return for a donation to the Hospice.
From today, first-time buyers of residential property in England, Wales and Northern Ireland, will pay no Stamp Duty Land Tax (SDLT) on homes worth up to £300,000.
