How Lifetime Gifts Impact Inheritance Tax: Key Tips & Allowances
Learn about the key considerations for making lifetime gifts and how they impact inheritance tax. Understand exemptions, allowances and strategies to optimise your estate planning effectively.
Should I leave a charitable gift in my will?
Considering a charitable gift in your will? Learn how legacies and shares of your estate can benefit both your favorite causes and your tax planning.
Understanding The Role Of A Certificate Provider
The article discusses the crucial role of a certificate provider in ensuring the validity of a Lasting Power of Attorney (LPA), emphasising the impact of the TA v The Public Guardian case (2023 EWCOP).
Understanding the Lasting Power of Attorney (LPA)
This guide explains the Lasting Power of Attorney (LPA), including its types, attorney obligations, and decision-making considerations under the Mental Capacity Act 2005, prioritising the donor’s best interests.
Wills & Probate: Why Do I Need A Will?
This article explores the vital importance of making a will to ensure that your inheritance is distributed in accordance with your precise wishes after death. It explains how intestacy regulations work and the limits they impose on non-traditional family structures or planned legacies outside immediate family lines.
Notes Regarding Intergenerational Sharing of Homes
The pros and cons of Intergenerational Home Sharing. Avoid pitfalls in multi-generation living. Plan wisely!
My Will, a public document?
It may come as a surprise however that once a grant of probate has been issued by the probate registry, a Will becomes a public document and anyone can apply to have a copy.
Liberty Protection Safeguards – What happens now?
Liberty Protection Safeguards – What happens now? The Mental Capacity (Amendment) Act 2019 received Royal Assent in May 2019 as a means to replace the current Deprivation of Liberty Safeguards (DoLS) with the Liberty Protection Safeguards (LPS). Consultation for the draft Code of Practice closed in July 2022 and there has been a range of […]
Care Home Fee Planning – What Can I Do?
Care Home Fee Planning – What Can I Do? The average cost of care in a residential setting can range from £29,000 – £39,000 a year, and with nursing care fees ranging from £35,000 – £55,000 people now more than ever are looking at ways to protect their assets. The average stay in a UK […]
Lasting Powers of Attorney and Deputyship
Lasting Powers of Attorney and Deputyship When a family member loses mental capacity, it can be an extremely stressful and at times lengthy process to obtain the legal authority to begin acting on somebody else’s behalf to assist with their financial affairs or their health and welfare affairs. Far too often, a person will delay […]