What is a Will and do I need one? A Will is a legal document that sets out what is to happen to your estate when you die. As well as dealing with the financial aspects of your estate a Will can also detail what is to happen to any…
Reader Question: How can I give money to my children without paying inheritance tax (IHT) Can I give cash to my family before I die…
Throughout my career in financial planning I’ve always been struck by the lack of planning when it comes to passing money on to children and…
Life insurance and Inheritance Tax When assessing the potential inheritance tax liability on your death it makes sense to consider life insurance as a method…
Inheritance tax earns the UK Government around £3.4 billion a year in revenue and this figure is set to increase. Part of the reason why the…
The average Inheritance Tax (IHT) bill in the UK is a staggering £170,000, yet reducing your liability is often simple. Ironically most people don’t even know their…
What is inheritance tax and how does it work? In the UK there has been some form of inheritance tax (formerly known as death duty…
Generally speaking we are free to dispose of our assets as we see fit when we die, however, the law does provide provision for people…
Inheritance tax is paid if a deceased’s estate is worth over £325,000 at the time of death. The figure of £325,000 is known as the…
Cheapest way to update a will It is recommended that if you have written a will then you should review your will every 5 years….
Inheritance tax changes – Budget 2015 In the Emergency Budget 2015 George Osborne announced changes to the inheritance tax (IHT) rules including a new inheritance…
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