Inheritance Tax
Aretha’s Handwritten Will Found?
Aretha Franklin died on the 16th of August 2018 at the age of 76 after an ongoing battle with pancreatic cancer and at the time no Will could be found. Recent news reports have now revealed how a handwritten Will has been discovered under a sofa cushion in the Queen of Soul’s home in Detroit.…
Read MoreYou’re The Executor So You’re Liable!
Make sure you’re up to date on the responsibilities that come with being an executor before you agree to take on the role. In the 2018-2019 tax year, HM Revenue and Customs (HMRC) opened a staggering 5,537 Inheritance Tax (IHT) investigations. This represents a 3.4% increase in comparison to the previous 2017-2018 tax year. Staggeringly…
Read MoreIs A Divorce On The Cards?
You may be aware that marriage revokes a Will unless you state in your Will that you are making it in contemplation of marriage. That’s not the same for divorce. Divorce will not revoke your Will Where a person makes a Will and subsequently divorces, has their marriage annulled or dissolves their civil partnership then…
Read MoreWhat You Get Clobbered With When You Die!
When someone dies, their estate comprising all they owned at the time of death less any debts and will be passed to their beneficiaries. Beneficiaries can be named if the deceased had written a Will, otherwise it will pass down the family tree in accordance with the Laws of Inheritance which are legally binding and…
Read MoreThe Chimes Of Freedom
If it sounds familiar it’s the title of a song by Bob Dylan, and hugely apt as it goes. Ken Dodd who sadly passed away aged 90, just over a year ago has made an amazing gift to the people of Liverpool. He secretly married his long-term partner Anne Jones in his home just 48…
Read MoreA Careless £105million Mistake Which You Can Avoid – Here’s How
In December 2018 Gerald Cotton, Chief Executive Officer of QuadrigaCX, died unexpectedly at the age of 30. QuadrigaCX was a Canadian cryptocurrency exchange organisation. Cryptocurrencies are stored in a “virtual wallet” which uses a string of random characters called a “public key”, for use when sending and receiving the cryptocurrency. A separate “private key” allows…
Read MoreAvicii, left no plans for his £20 million estate
Musician, DJ and record producer, Avicii died on 20th April 2018 after reportedly taking his own life. The Swedish electronic dance artist whose real name was Tim Bergling was born in 1989. Despite being just 28 years of age at the time of his death, he left behind an incredible legacy through his musical career and…
Read More2017/18 ‘record high’ £5.3bn IHT – Is It Time To Review Your Will?
This article makes interesting reading. If what you own is valued over £325,000 and most with a home in London and the surrounding counties will be, then you need to consider how to minimise you potential Inheritance Tax (IHT) liability. http://extbr.com/NJYoSpqH This is definitely a reason to review your Wills but some of the others…
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