IHT raised £6.3bn through current financial year – HMRC
The latest HMRC update finds that Inheritance Tax (IHT) has raised £6.3 billion through the current financial year (April 2023 – January 2024), an increase of 7% on the previous year through the same period (£5.9 billion). The previous financial year represented a record IHT tax take for the Treasury with £7.1 billion collected, yet […]
Equity release market has ‘reasons to be cheerful’
The equity release market has “reasons to be cheerful” as increased product innovation combined with expected base rate cuts and gilt rates moving below 4%, provide the foundations for renewed growth, new data from the UK’s leading equity release adviser Key Later Life Finance shows. It highlights that after a turbulent year which saw plan […]
Majority of Scottish public ‘unaware’ of after-death probate process
According to a new study carried out by Edinburgh-based business, My Probate Partner, only 21% of the Scottish public understands what probate is and what the process entails. The research, which questioned members of the Scottish public on their experience and understanding of dealing with the administrative side of someone’s death, also revealed 82% have […]
Upcoming Training Courses for Today’s Wills and Probate
Today’s Training has a fantastic line up of webinars over the next few weeks, don’t miss out on an opportunity to develop your understanding of key industry topics which count towards Continuing Professional Development. A Private Client Update 2024 – Tuesday 27th February This 60 minute webinar will provide you with an insight into the […]
Civil legal aid: Millions still without access to justice
The latest research published by the Law Society of England and Wales has revealed that millions of people are still unable to access justice when they need it, with charities and small firms struggling to keep legal aid afloat. In its response to the call for evidence for the Civil Legal Aid Review, the Law […]
Propounding a copy of a will
Where an individual dies, in order to administer their estate, a Grant of Representation is usually required. This is an umbrella term and the specific Grant required will depend on the circumstances: Grant of Probate: this will be the Grant applied for where there is a valid Will appointing executors. Letters of administration: this is […]
