Not made a will? Here’s the perfect solution

Not made a will? Here's the perfect solutionAre you one of the 51% of people in the UK who have not made a will? If you are, it’s probably on your to do list, and you’ve just not got around to it yet. In November, there’s a solution to this problem coming to a solicitor’s practice near you. Read on and we’ll explain all you need to know. But before we do, here are a few reasons why you should make a will: It’s the best way of confirming how you want your ...

Estate Planning: What assets will your spouse get when you die? The law has changed

Estate Planning: What assets will your spouse get when you die?  The law has changedChanges to the law, governing how assets are distributed when a person’s spouse or civil partner dies without having made a will, have come into force. The current rules are complex and assets do not, as many people believe, automatically pass to the surviving spouse. Here's our basic guide to the new rules: Existing rules As it stood before the rule changes: Married couples with no children The surviving spouse inherited the first £450,000 and half of the remaining ...

Nearly 30 million people don’t have a Will, time to put it right?

iStock_000013177132XSmallNew research has revealed a shocking number of people have failed to make a Will; which could mean their assets will not be passed to their loved ones in accordance with their wishes, when they die. As part of their annual ‘Write and Register a Will Week’, which starts on 14th October, Unbiased.co.uk and Certainty.co.uk found: Are you ...

How to use your pension to solve your Inheritance Tax problem

Tax increaseInheritance Tax (IHT) has often been regarded as a voluntary tax. But with George Osborne freezing the threshold at £325,000 per person until 2019 and other loopholes being closed, now is the time to consider how you will leave as much money as possible to your loved ones. IHT is payable at a rate of 40%, when a person’s estate is valued at above £325,000 or £650,000 for married couples and people in a civil partnership. The traditional options for ...