The Potential Consequences of Generosity We are often approached by clients who have received advice that they should consider gifting their house to their children as a means of avoiding this being sold to meet ongoing care costs in the future, or to minimise their Inheritance Tax liability on their death. However, the reality of …
If you are not sure what to do with inheritance, we have outlined some options available to you in this article. There are two potential situations. The first is you think that when your Mum, Dad or other relative dies, you will inherit. The second situation is that your Mum Dad or Auntie has died, …
As part of the UK government’s implementation of the 5th EU Money Laundering Directive, almost all Trusts are now required to be registered with HMRC. Trust registration is nothing new. The Trust Registration Service (TRS) has been in operation since being introduced by the Fourth Money Laundering Directive (MLD4) in 2017, and before then certain …
Love is not in the heir – Online dating behind surge in over-65s remarrying The number of ‘silver splitters’ tying the knot after getting divorced early in life is at its highest in a decade, with dating sites and dating apps said to play a major part. Marriages among the over-65s have risen by the …
Is your house locked up in a trust you are not in control of? Urgent information you need to know! For the last few weeks there has been a lot of publicity in newspapers & on TV around people who have placed their properties into trust with companies that have now gone into administration or …
As part of the UK government’s implementation of the 5th EU Money Laundering Directive, almost all Trusts are now required to be registered with HMRC. Trust registration is nothing new. The Trust Registration Service (TRS) has been in operation since being introduced by the Fourth Money Laundering Directive (MLD4) in 2017, and before then certain …
Broadly speaking, a Trust is an arrangement under which property i.e., land, cash, investments or some sort of rights such as copyrights, is held by a person or organisation on behalf of one or more people. The people holding the property are called “the Trustees” and the people on whose behalf the property is held …
