Exizent Launches Bereavement Index 2024 – Chapter 2: Legal Professionals
Exizent has announced the release of Chapter 2 of the Bereavement Index 2024, focusing on the experiences, challenges, and perspectives of legal professionals managing probate and estate administration. The Bereavement Index, now in its fourth year, provides a comprehensive analysis of the bereavement landscape and highlights key areas where the legal profession can improve processes […]
Inheritance tax freeze and capital gains hikes dominate Labour’s first Budget in 14 years
In Labour’s first budget announcement in over a decade, Chancellor Rachel Reeves outlined a series of tax reforms and economic policies aimed at tackling what she describes as the economic damage left by the Conservatives. Reeves, who warned of “difficult decisions” ahead, has proposed measures targeting inheritance tax and capital gains tax (CGT). A focal […]
Interview: How The Property (Digital Assets etc) Bill Will Transform Private Client Practice
The Property (Digital Assets etc) Bill is a groundbreaking piece of legislation introduced in the UK Parliament that aims to clarify the legal status of digital assets. It aims to, for the first time in British history, provide legal recognition and protection for digital assets, including cryptocurrencies, NFTs, and other forms of digital property, by […]
UK Farmers react with anger as IHT relief is limited to £1m
Farmers across the UK have voiced strong disapproval after the government announced a reduction in inheritance tax relief for farms, limiting it to £1 million, as reported by The BBC. The National Farmers’ Union (NFU) described the decision as a “disastrous budget” for family farms, arguing that it would hinder the next generation’s ability to […]
Remember A Charity welcomes Government’s decision to keep IHT incentives in place for individuals who choose to leave a legacy gift to charity
Following the Chancellor of the Exchequer Rachel Reeves’ Autumn Budget statement delivered earlier today, the UK consortium of charities Remember A Charity has welcomed the Government’s decision to keep inheritance tax (IHT) incentives in place for individuals who choose to leave a legacy gift to charity. Alex McDowell, Vice Chair of Remember A Charity said that […]
Consultant fee sharing models now employ 4,000 lawyers – Report
Consultant or platform law firms continue to grow with 4000 lawyers reported to be operating under the fee sharing model in England and Wales according to the latest insight. Despite it remaining a small fraction of the overall legal market; the sector is growing and developing into new areas of law according to a new […]
Common Questions about Islamic Wills
When discussing Islamic wills and how they interact with UK law, several common questions arise. Muslims in the UK often face unique challenges in balancing their religious obligations with the legal framework of the country. Mariam Khan has been providing Islamic Will services since 2018 with qualifications in Islamic inheritance jurisprudence, alongside a master’s in […]
Autumn Budget 2024: Initial statement and reaction from STEP
Emily Deane TEP, Technical Counsel and Head of Government Affairs at STEP, the global membership body for inheritance advisors responds to the Autumn 2024 Budget: ‘It is disappointing that the government has not seized the opportunity to increase the inheritance tax nil-rate-band. Subjecting pension pots to a 40% tax will also come as a shock to […]
Shared experience; insight and best practice in estate administration
Legal Services Director at Kings Court Trust Charlotte Toogood joins the latest Today’s Wills and Probate podcast to impart her experience of working in estate administration over the last 16 years. With contentious probate on the rise Charlotte shares her thoughts on what we can do as practitioners, and how we can better advise families […]
