Strange but true…

The shortest legal Will ever written reads `All to wife’ by Karl Tausch of Germany who died unexpectedly in 1967 The longest legal Will ever written – Frederica Cook an American housewife wrote her Will of 95,940 words in four gilt edged leather bound volumes it was admitted to probate in 1925. She had few […]

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inheritance-tax

Inheritance Tax and the Residential Nil Rate Band

The residential nil rate band (RNRB) has been with us for 2 years and provides an additional allowance before inheritance tax (IHT) is payable after someone has died. There are many variables in order to qualify for this relief. Currently the allowance is £150,000 each and is transferrable between marrieds giving potentially £300,000 of relief […]

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Wills

Leaving a digital legacy

In as little as two years (from 2012 to 2014), the public have produced more data than in all of human civilisation before that and it is still increasing at an exponential rate. While digital assets can take many forms such as online photos, subscriptions, music libraries, social network profiles, savings accounts or email accounts […]

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Royal Wedding

The Royal Wedding: how marriage impacts Wills and changing family structures

The marriage of Prince Harry and Meghan Markle marks many historical changes for the royal family. Meghan is one of a few Americans and the first black woman to be welcomed into the royal family; she has previously been divorced which in the royal family’s past has been frowned upon by the Church of England. […]

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Power of Attorney

Incapacity Crisis: Why you need a Welfare Power of Attorney

The number of people living with dementia worldwide in 2015 was 47 million; by 2030 that figure will reach 75 million. A new case is diagnosed every 3.2 seconds. With these shocking statistics it is not surprising that there is a widening gap between the rising number of people likely to lose capacity and the […]

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Wills

Disputed Wills at an all-time high!

A record number of inheritance disputes are reaching the High Court despite rising court costs and the risk involved with losing a case. The number of cases brought to the High Court under the Inheritance (Provision for Families and Dependants) Act 1975 has risen by over 700% between 2005 and 2015. But this is only […]

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Overpaid Power of Attorney fees? How to claim a refund.

If you made an application to register a Lasting Power of Attorney or an Enduring Power of Attorney (EPA) at the Office of the Public Guardian (OPG) between 1st April 2013 and 31st March 2017, you are now entitled to a partial refund of the fee. You may also be entitled to interest on what […]

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More money than ever to be passed on to the younger generation

A recent report has shown that the younger generations will inherit much more money than their parents and grandparents did. Wealth amongst older generations has grown by 45% in the last decade, causing more money being passed on as an inheritance than ever before. However, those likely to benefit most are people who are already […]

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Inheritance Tax – Residential nil rate band relief (RNRB) – do you need to review your Will?

A Will is a living breathing document. For it to be accurate at the time of death it has to be kept up to date to reflect any life changes that may have occurred since it was signed. If you don’t do this, you run the risk of it being challenged by an unhappy family […]

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The Importance of Lasting Powers of Attorney

Dementia has been called the epidemic of our century. There are approximately 800,000 people with dementia in the UK with an expected increase to over 1 million in 2021.  The Alzheimer’s Society predicts that by 2050, the worldwide number of people who will be living with dementia is set to treble. More than 60% of […]

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