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Trustees - what responsibilities do they have?

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What is a trustee? A trustee is a person or a firm that holds and administers property or assets held in a trust for the benefit of a third party. A trust can be created for a variety of purposes, including in bankruptcy situations, in certain types of...

Inheritance Tax, Capital Gains Tax, and Stamp Duty

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As we approach the UK government’s upcoming budget, there is a heightened focus on potential tax changes that could impact estate planning, property transactions, and probate. In particular, Inheritance Tax (IHT), Capital Gains Tax (CGT), and Stamp...

Jargon busting - Wills

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You have decided to make your will. You’ve met with your solicitor, discussed your needs and received advice. You then receive your will to review, but find it contains words you may not fully understand. Let’s look at some of those terms and...

Estate Planning for Blended Families: Navigating Wills and Inheritance

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Blended families have become increasingly common in today's society. As relationships evolve and individuals remarry or enter into new partnerships, estate planning becomes a crucial consideration to ensure the fair and smooth transfer of assets to loved...

Keeping legacies in the family and out of court

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Inheritance challenges and disputed wills are soaring, but it’s not just the high profile, wealthy that are fuelling the action. Figures from the Ministry of Justice come against a backdrop of headline-catching disputes such as the case of Russian...

Myths about Inheritance Tax

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Common Myths about Inheritance Tax Planning: Busting the Misconceptions Inheritance tax planning is a crucial aspect of financial management, yet it is often shrouded in misconceptions and myths. As the New Year begins, it's an opportune time to...

Power of Attorney: The Value of Professional Guidance

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Creating a Power of Attorney (POA) is a crucial legal step to ensure your wishes are upheld and your affairs are managed in the event of incapacitation. While it may seem tempting to make a POA online, it's essential to understand the potential pitfalls...

Inheritance Tax receipts soar by nearly 20%

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No real surprise as Inheritance Tax receipts soar by nearly 20%. Can you limit the damage Inheritance tax does to your estate? Most economic editors in the media expressed surprise that there was a surplus in Government finances announced for January...