Multiple trusts and IHT planning
In 2013, a consultation to deter inheritance tax (IHT) mitigation through the use of multiple trusts was published by the Treasury, proposing blocking this type of legislation. However, it was confirmed in last week’s Budget that estate planners can still continue to use multiple trusts to mitigate inheritance tax, provided they are set up and […]
Emergency services pension scandal
Recent reports show that thousands of retired emergency service workers, who were left out of pocket, have been grossly underpaid by the Pension Ombudsman. This was as a result of a lucrative Government scandal that was exposed, leaving them with a hefty £550 million bill in order to serve justice to those affected. One case […]
Intestacy and Bona Vacantia
Despite best efforts to convince the population to make a will, the majority of people end up never getting around to this simple and inexpensive task. For small, tightly known families, an intestate death is no real problem; next of kin are close at hand to organise funerals, dispose of assets and divide up personal […]