The importance of understanding Inheritance Tax & allowances

Inheritance Tax (IHT) can be a difficult concept to comprehend, especially for those who have never had to attempt the complex process of dealing with a loved one’s taxable estate before. Not fully understanding the process can cause several implications for the Executor(s) of an estate, such as monetary penalties, personal liability with HM Revenue […]

Voting opens for the Today’s Wills and Probate Industry Champion

Industry Champion Category nominations close TODAY!

The shortlist for the Today’s Wills and Probate Industry Champion, sponsored by Arken.legal, has been released. The prestigious award, the winner of which will be revealed at The British Wills and Probate Awards, sponsored by Executor Solutions,  has been introduced for the first time this year, and recognises the individual who have made a significant […]

Remember A Charity calls on legal profession to talk gifts in wills

This September, the legal profession will be joining forces with 200 charities to celebrate Remember A Charity Week (06-12 September 2021). Together, they will be raising awareness of the option of giving to charity from your Will, after taking care of family and friends. Throughout the week, people will be encouraged to consider how they […]

18% of us won’t leave money to our children

Figures from a survey of 2,000 people have shown that nearly 1 in 5 adults will not leave any inheritance to their children. The survey, conduced by Opinum for HL in August 2021, revealed that only 82% of people plan to leave money to their children when they pass away. 7% plan to leave it […]

Reminder: deadline to support Law Society probate response today

Law Society issues response to levelling up whitepaper

The deadline to provide feedback for The Law Society’s response to MoJ proposals to increase probate fees is today (27th August).  Law Society president I. Stephanie Boyce has urged solicitors to help in its response to proposals introduced in July to increase the professional and non-professional fees to a flat rate of £273 as part […]

High Court sides with charities over nil-rate IHT will clause

A recent High Court decision in Royal Commonwealth Society for the Blind v Beasant and Davies concerning will construction disputes and a group of charities, could influence the interpretation of nil-rate band clauses going forward. The case was brought by the Royal Commonwealth Society for the Blind, which represented 20 other charities in a dispute […]