Why business owners need Wills
Why do business owners need Wills? As a business owner, whether you are a sole trader, in a partnership or own shares in a limited company read on. You may need to take some action. We believe that if you own assets or have children, you need a Will. There are some people, like business…
The new Inheritance Tax rules – It’s Time to Review your Will
What you need to know From April this year some homeowners will be entitle to an additional £100,000 free of Inheritance Tax. As the allowance is transferable between spouses and Civil Partners, this can effectively mean that couples have an allowance £200,000. When added to existing allowances they could leave assets worth up to £850,000…
Lasting Powers of Attorney – a warning about Inheritance Tax planning
In a judgement on 30th October 2014, the Court of Protection has ruled that a Lasting Power of Attorney cannot be used to organise a Donor’s affairs to mitigate inheritance tax without first applying for a court order (the Donor is the person who created the Lasting Power of Attorney). The judgement was made in…
How to protect your estate from greedy family members
The blog below was originally written by Patti S. Smith, Attorney for Spencer Law Firm in Lancaster, PA in the USA. What really struck me is how many similarities there are with our legal sysytems and that all of the solutions apply to clients in England and Wales. With many thanks to Patti, I hope…