Britain’s paid out the highest ever amount of inheritance tax (IHT) to HMRC in 2017-18, with the latest figures showing the bill totalled £5.2billion, in 2018/19 that figure increased to an even higher bill of £5.4billion. Data shows that most of the inheritance tax payments come from estates worth between £500,000 and £1million. In 2016-17, …
Every day we make decisions about our lives. The ability to make these decisions is called mental capacity. If someone has difficulties that mean they cannot make decisions anymore, they will need help managing their finances. Accidents, strokes, brain injuries and Parkinson’s disease can also affect someone’s ability to make their own decisions. Handling …
This is a stressful and worrying time for everyone and As the UK begins to adjust to the “new normal” that we face amidst the COVID-19 pandemic, many families are approaching their affairs with an increased sense of reflection and pragmatism. In the Estate Planning and Probate sector, this has manifested itself in a significant …
