IHT receipts 7.2% higher than last year – HMRC

abolish Inheritance Tax

HM Revenue and Customs figures today revealed that Inheritance Tax receipts for April 2024 were £700million, which is £85million or 7.2% higher than the same month last year. Laura Hayward, Tax Partner at professional services and wealth management firm Evelyn Partners, said that the IMF this week suggested that the Chancellor “should raise inheritance tax, […]

BWAP early bird deadline today and ticket sales launched

Firms wishing to enter The British Wills and Probate Awards, sponsored by CTT Group, have until midnight tonight (Friday 24th May) to take advantage of the Early Bird entry price of £129 +VAT. From tomorrow (25th May) the price of entering the awards will increase to £169 +VAT. To take advantage of the early bird […]

UK charities lose millions as legacies overlooked in wills, Farewill urges action

The UK’s biggest charities are missing out on millions of pounds in much-needed income because people forget or neglect to put a legacy in their final will and testament. Farewill is urging people to think about the legacy they want to leave behind so that causes close to their hearts are not forgotten. Calling for […]

Majority of small-medium firms plan growth and invest in tech – report

LexisNexis Legal & Professional have released a new report – Bellwether 2024: Lessons on law firm growth – which reveals nearly two-thirds of small- and medium-sized firms plan to grow in the next five years, and they’re investing in technology to help them get there. The survey of 265 associates and senior leaders at small- […]

Norfolk firm fined over £120,000 for eight-year mismanagement of estate funds

celebrity deaths that highlight the importance of estate planning

A Norfolk law firm, Hansells, has been fined nearly £121,000 for distributing incorrect sums to estate beneficiaries and failing to rectify the issue for eight years, as reported by The Law Society Gazette. The Solicitors Regulation Authority (SRA) deemed this financial penalty as fitting and proportionate given the gravity of the misconduct. Hansells, an alternative […]

The Great Wealth Transfer

Today's Wills and Probate Podcast

People who were born between 1946 and 1964, the so called Baby Boomer Generation, is a cohort of 16.8 million people; and due to favourable financial conditions in that time are the wealthiest generation in human history, holding somewhere in the region on 80% of the UK’s wealth. With the older baby boomer now 78 […]