A solicitor has raised concerns about a potentially “misleading” inheritance tax form that could result in Britons overpaying by thousands of pounds, as reported by Express. Jessica Partridge, a partner specialising in private client law
New research has revealed that over two fifths (43%) of Brits – 22.9 million people – admit they have not shared all details of their financial accounts with someone they trust. St. James’s Place (SJP)’s
In the midst of a heated dispute over the inheritance of their family home, Robert McCabe, a 69-year-old man, resorted to a malicious act by adding laxatives to his sister Sharon’s milk, as reported by
New research published by the Law Society of England and Wales has found that the government’s digitisation of the court system is adding to the delays “plaguing” the civil court system and “undermining” people’s access
A dispute surrounding the will of the late lord of the manor has concluded with the sale of Trevalga, a medieval hamlet in Cornwall, according to information provided by a local councillor to the BBC.
In recent analysis, the Institute for Fiscal Studies (IFS) has explored various options for reforming inheritance tax (IHT), including increasing the IHT nil rate band (NRB) and imposing limits on crucial IHT reliefs such as
The High Court in Bristol has ruled in favour of siblings Henrietta Ingram and Tom Whitfield in a dispute over their late mother’s DIY will, which left them with nothing. Clarke Willmott represented the siblings
The CEO of City brokerage firm, Julian Morse of Cavendish Financial, has urged the government to expand inheritance tax relief to a broader range of London-listed stocks, as reported by This is Money. Morse contends
On World Mental Health Day, the Law Society of England and Wales is calling for urgent reforms to the Mental Health Act. Law Society President Lubna Shuja said: “As we celebrate World Mental Health Day,
LawCare has seen a 24% increase in the number of legal professionals contacting them for support – based on the number of contacts from January to August 2023, compared with the same period in 2022.
In a series of Supporters in Focus pieces, we are thrilled to introduce our sponsor of the Contentious Wills & Probate Team of the Year – Large at The British Wills and Probate Awards 2023.
The Solicitors Regulation Authority (SRA) has taken control of the running of the Solicitors Indemnity Fund (SIF), meaning solicitors’ clients will continue to be able to claim compensation – even if something is found to
A petition has been initiated with the aim of enhancing The Probate Registry Service in response to persistent delays and extended waiting periods. Steve Pett, representing The Probate Department, has launched this petition with the
Solicitors in England and Wales will celebrate Black History Month by embracing the “Saluting our Sisters” theme, which highlights the role Black women have had in shaping history, inspiring change and building communities, says The
An online platform that helps Scottish consumers manage probate and estate administration celebrates significant growth after accelerating its operations by 130% in just 12 months. “My Probate Partner” provides a middle-ground solution to the traditional
Phillips & Cohen Associates (PCA) is launching The Estate Registry LLC which aims to assist individuals and their families in navigating the estate planning and probate process through its LegacyNOW, NotifyALL, and InheritNOW platforms. The
Parents and grandparents – also known as the “Bank of Family” – are turning to their own property wealth to get their children onto the housing ladder, according to new research from Legal & General
Almost 430,000 18-21 year olds with an unclaimed Child Trust Fund, worth an average of £2,000, are being urged by HM Revenue and Customs (HMRC) to claim their cash as part of UK Savings Week
A report from Mortgage Advice Bureau (MAB) indicates that equity release has become a method for pensioners to make room for a more comfortable later life. In light of this, Senior Capital has commissioned a
Rishi Sunak is reportedly contemplating a reduction in inheritance tax as part of his strategy to win over voters and differentiate the Conservative Party from the leading Labour Party in the polls. These plans could
A Private Members’ Bill to help millions save more into their pension and start saving sooner has cleared Parliament and been granted Royal Assent. Millions of people, including low earners and younger workers, will be
In a bid to streamline the application process for lasting powers of attorney (LPA), recent digitisation efforts are facing scrutiny from lawyers who warn of increased risks for vulnerable individuals and potential delays, as reported
The total value of taxable payments withdrawn flexibly from pensions since April 2015 when the pension freedoms were introduced is £72.2 billion, according to HMRC’s annual update to private pensions statistics. There have been some
Expert will dispute lawyers say delays in the issue of probate documents, which hit an all-time high in 2023, are causing more suffering for grieving people who are at serious risk of financial hardship. Figures
Co-op Legal Services has announced their year on year growth for the first half of 2023 with revenue up 41% to £31m (same period of 2022: £22.1m) and a 125% increase in underlying profits to
The UK’s largest fund manager has called for a significant increase in minimum pension contributions – doubling the current 8% of pay to 16%, according to reports. Stephen Bird, CEO of Abrdn (formerly Standard Life
Laytons ETL, the City of London-based international commercial law firm, has promoted Alexandra Bartrope to the position of head of private client. Ms Bartrope takes over from Ian Burman, who established the team in 1989
Probate application delays reveal a slight increase from the previous month of this year – increasing from 13.9 weeks to 14, new data from HM Courts & Tribunals Service (HMCTS) has revealed. For the 22,922
Inheritance Tax (IHT) raised a further £644 million for the government in August, compared to £576 million in August 2022 as the tax continues to deliver “bumper returns”. Figures published by the government this week
A new study has revealed consumers are receiving inaccurate online information regarding equity release (ER), with over 80% of online calculators providing misleading data. It was noted that financial data within the equity release market
The cost of living crisis has seen a striking 23% year-on-year increase in pensioners across Britain relying on equity release to fund their retirement, new research has shown. At a time when the UK’s pensioners
The illegitimate daughter of a wealthy fruit tycoon has successfully secured her right to inherit a portion of her father’s £50 million estate despite facing opposition from her half-brother and sister who denied her paternity.