Conservative government would remove IHT on the family home and introduce a £1m tax threshold for families
The Conservative party would seek to reduce and ultimately abolish inheritance tax (IHT) if elected said leader Kemi Badenoch in her speech at the party conference in Birmingham. The Conservative party leader’s much previewed speech outlined how, if elected to government, the party would seek to reduce the IHT burden “on ordinary middle-class families in […]
Majority in favour of scrapping inheritance tax
Over half of people surveyed about inheritance tax (IHT) were in favour of abolishing the levy according to a YouGov poll commissioned by law firm Kingsley Napley. The poll revealed 56% of people now want a complete abolition of inheritance tax (IHT), compared to 54% in last year’s poll and 49% 2 years ago. The […]
Use of trusts for life protection policies almost triples in five years
The use of trusts for life protection policies has nearly tripled in five years as more people try to prevent funds from being inaccessible during probate, new research reveals. Almost three times as many protection policies were placed in trust this year compared with 2021, a Stonebridge survey of five-year sales data covering 8,000 policies […]
What does Croll v Estate of Margaret Mary Thorpe mean for testamentary capacity challenges?
Disputes over a loved one’s mental capacity are becoming a more common feature of contentious probate work. As people live longer, dementia, stroke-related cognitive impairment or other conditions affect decision-making, families are increasingly finding themselves arguing not only about what a will says, but about whether the person who made it was capable of making […]