Foresight Blog

Foresight Estate Planning & Will Writing Services

Gifting Property

Should I Gift my Home to my Children?

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 …

Read more

Interest Rates and IHT

Interest rate chaos and inheritance tax

Inheritance Tax (“IHT”) has been a devise subject for a long time. Now interest rate chaos has added to the burden many face when trying to settle IHT on a deceased’s estate. A combination of previous house price increases, soaring inflation and tax-free threshold of £325,000 which has been frozen since 2009 has resulted in …

Read more

Residential Care Home

Mind The Gap

Let’s talk about the increasing demand and cost of care. As we are living longer and therefore often longer in poorer health, more & more people will require care. In the year to March 2022 the number of people living in care homes was 360,792, up from 291,000 in 2011. One in seven are expected …

Read more

Cheap Wills

Cheap Wills – When Saving Money Costs You More

We all like a bargain, don’t we? It is quite common to see Wills being advertised “on the cheap”, at the price of an average meal down the pub. However, Will writing companies have spent money to advertise at the top of internet platforms like Google in order to sell you a Will on the …

Read more

Sideways Disinheriting

Sideways disinheriting, when families divide

Sideways disinheriting is extremely common and can be very upsetting in the aftermath of a loved one passing. It has been highlighted by the case of Scarle vs Scarle when stepsisters battled in court to inherit their respective parents’ estate. Unfortunately, despite both losing a parent, only one stepsister would win the case, and in …

Read more

Business LPA

Why should I set up a business LPA?

Most people understand the benefits of a lasting power of attorney and how they allow individuals to nominate someone to make decisions on their behalf if they become incapacitated in someway or do not have the ability to manage their finances. Less well known is the ability to put an LPA in place for a …

Read more