News & Comment
Don’t be an April Fool this tax year
24/04/2019
April, the favoured month of practical jokers. One thing that may not bring a smile to your face, however, is the beginning of a new tax year. Nevertheless, we wanted to update you on some of the developments you can expect in tax year 2019-20.
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Rogue Attorneys
26/03/2019
An LPA for Property and Financial Affairs gives your chosen attorneys substantial powers to deal with your assets. This case highlights the importance of appointing attorneys whom you trust; whether this be your spouse, children, a friend or a professional.
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Parental Responsibility – Do I have it?
13/03/2019
What is Parental Responsibility? Parental responsibility or ‘PR’ is comprised of the rights and responsibilities a parent has in relation to their child until they reach the age of 18. This could include but is not limited to: registering the child’s name; choosing the child’s school; consenting to the child’s medical treatment and determining which religion the child follows.
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Preparing to grow old gracefully?
26/02/2019
Every day the papers are littered with stories about dementia and the other consequences of an ageing population. Luckily, the statistics show that most of us will not suffer from dementia but this article looks at how you can plan for the future and protect your family.
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The (increasing) Price of Probate
26/02/2019
When an individual passes away, most institutions freeze the deceased’s accounts until a Grant of Representation has been obtained by the personal representatives of that estate. A Grant of Representation will be required for purposes such as withdrawing funds, selling or transferring shares and selling a property; this list being non exhaustive.
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Who’s been naughty and who’s been nice? ....
20/12/2018
How can you treat those on the nice list, be tax efficient and be more popular than ever this Christmas, all in one go? Tax efficient gifting that’s how! Gifts can be liable for Inheritance Tax (IHT) if you give away more than £325,000 capital in the 7 years before your death. While for some this tax charge can be unavoidable, there are ways in which tax efficient gifting can significantly reduce any potential tax charge for others.
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