HM Revenue & Customs (HMRC) data showed that Inheritance Tax (IHT) receipts for April 2023 to February 2024 were £6.8 billion, which is £0.4 billion higher than the same period last year. The increase of
Inheritance recovery specialists have warned that charities are missing out on millions of pounds in legacy bequests which were overlooked by the original executors. In the past 18 months, two UK charities have received £125,000
A recent survey conducted by Opinium Research, commissioned by Dignity in Dying, indicates strong backing for a change in the law regarding assisted dying in the UK. Out of more than 10,000 respondents across England
Kirsty Limacher, Chief Legal Officer at The Association of Lifetime Lawyers is urging people to think about their digital legacy following new research revealing just 20% of UK adults over 30 have referenced digital assets
The SRA have launched a consultation on rule changes needed to allow the potential regulation of non-authorised Chartered Institute of Legal Executives (CILEX) members. The suggested arrangements explain the rules that would apply to CILEX
Thackray Williams, the London and Kent law firm, has bolstered its management and commercial teams with a number of new hires after witnessing a combined 82% increase in revenue for its employment and commercial departments
Younger generations are redefining their financial ambitions and aiming to retire earlier than older generations, according to new research commissioned by Brown Shipley. The average age of planned retirement for wealthy individuals in the UK
Some of the UK’s wealthiest families were landed with retrospective tax bills in the region of £1.4 million on lifetime gifts, according to latest annual figures. The families tried to make use of a rule
Krystel Marzan, a solicitor admitted in 2014, has been struck off after the Solicitors Disciplinary Tribunal found her guilty of passing off previously signed copies of Lasting Power of Attorney (LPA) as newly executed. Marzan,
The Charity Commission has recently shared early findings from its annual sector survey, revealing that 42% of trustees surveyed said their charity experienced poor service from their banks in the last 12 months. 6% of
The release of WillSuite’s 2024 Annual Report has provided a comprehensive look into the intricate landscape of will drafting across England and Wales. Drawing from data sourced from over 200,000 wills and 140,000 Lasting Powers
In a recent article, The Times sheds light on the convoluted and costly process of handling someone’s estate after death, particularly the intersection of probate and inheritance tax (IHT) regulations. While the child benefit system
The Law Society of England and Wales is encouraging the profession to continue to improve the progression and retention of women to senior levels, as it marks International Women’s Day. Data from the Solicitors Regulation
In a widely anticipated Spring Budget presentation on Wednesday, Chancellor Jeremy Hunt left industry experts and the public intrigued as he steered clear of any mention of inheritance tax (IHT). Despite prior speculations suggesting that
A High Court judge has ruled in favour of a grandfather’s decision to leave the bulk of his £500,000 estate to his children rather than his grandchildren, amidst a family dispute. The late Frederick Ward
AIIC Group (“AIIC”), the holding company behind leading independent law firm Taylor Rose MW, has been named as the fastest growing legal and accounting services in Europe, according to the prestigious FT 1000 list of
Key Later Life Finance, equity release advisor, highlights the significant downturn in first-time home purchases, with figures dropping to a decade low of approximately 290,000 in the last year, a 21% decline from 2022 –
The Legal Services Board today announces the appointment of Tom Hayhoe as the new Chair of the Legal Services Consumer Panel from 1st May 2024. Tom succeeds Sarah Chambers, whose term of office ends on
Ahead of the Spring Budget, probate brokerage firm Final Duties suggests that eliminating inheritance tax could be a strategic move for the Chancellor, as reported by Propertywire. This action is seen as a potential appeal
A Conservative peer, David Willetts of the Intergenerational Centre thinktank, has proposed a policy for the upcoming government to distribute wealth more evenly across the UK, as reported by The Guardian. This involves granting a
