Estate planning for the next generation: Blended families and second marriages Modern families are changing beyond the traditional structure, with needs becoming ever more complex as structures change and families grow. One example of this is when people remarry, sometimes becoming what is known as a “blended family”. These issues can add complexity to estate …
Most people understand the benefits of a lasting power of attorney (LPA), which allows an individual to nominate someone to make decisions on their behalf, if they become incapacitated in some way. Less well known is the ability to put an LPA in place for a business, seems a sensible idea when the sudden illness …
Question: Can I get Inheritance Tax Relief? Answer: Yes – Education & Planning is the answer HM Revenue & Customs (HMRC) recently revealed that they had collected £5.5bn in Inheritance Tax (IHT) between April 2021 and February 2022. This shows that IHT has continued to “prove its worth to HMRC”, as quoted by Andrew Tully, …
