What is intestacy? If someone dies without a valid Will then they will be known as having 'died intestate' and their estate (money, property and belongings) must be distributed according...
On the 6th April 2019 we moved into the new 2019/2020 tax year. Every year we see changes to thresholds and rates and this tax year is no different. In...
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 without any comeback to my...
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 the next generation. There is...
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 of protecting your estate from inheritance...
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 amount is so large is...
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 own potential IHT bill until...
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 who have been financially dependant...
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 'inheritance tax threshold'. Any amount above...
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