Posts tagged with: #Gifting In Your Will
Find out whether getting married or entering into a civil partnership can reduce your inheritance tax liability. Discover how UK inheritance tax rules treat married and cohabiting couples differently, and why relationship status plays a crucial role in estate planning. For couples thinking about the future, understanding these legal and financial distinctions could be key to protecting family wealth across generations.
Understand the risks of using unregulated Will writers. Learn why using a regulated Solicitor is safer for your Estate and your loved ones.
This is a question we are asked regularly by people who have been appointed as Attorneys under an Enduring Power of Attorney, or Lasting Power of Attorney and who are looking for some guidance on their role and responsibilities. It can be a complex area and cause confusion, so here we hope to give some […]
Having the peace of mind knowing that, were you to become too unwell to care for our own matters, you have an appointed person who will care for your property, finances, health, and welfare were you unable to care for them yourself is important. A Lasting Powers of Attorney (LPA) is the legal document that […]
It is not uncommon to find families disagreeing on the way a deceased loved one should be memorialised. The added dimension of second family, or blended families, have increased the potential for conflict. However, more often than not, even if family members agree with cremation, it is the fate of the ashes that then becomes the point […]
Making a Will is one of those tasks that often gets overlooked, however the importance of having a Will is clear. Without a Will, your assets will be distributed following the rules of intestacy which might mean that your assets are passed to someone who you may not have chosen. However, whilst having a Will […]
We would all like to make gifts to our loved ones and often people would prefer to make such gifts during their lifetime, rather than after their death, so that they can witness the recipient’s enjoyment of receiving the gift. Lifetime gifting can also be a very effective way of reducing the value of a […]
As Private Client solicitors, one question we get asked repeatedly is whether you should gift your home to your children. This question usually stems from conversations in regard to inheritance tax and/or care home fees. Gifting your home to your children can be a great way to reduce tax liabilities and safeguard your most precious […]
Four years ago today the music legend Prince passed away. With a career earning him seven Grammy Awards, seven Brit Awards and a Golden Globe Award to name just a few you’d expect him to have an Estate worth a bob or two. But what happens if you die without a Will? In fact it’s estimated […]
