Preparing to grow old gracefully?

11/06/2020

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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Rogue Attorneys

11/06/2020

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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Delays in the Probate System

11/06/2020

The year began with the announcement that the probate service would be closing various probate registries and moving to a new computerised system, aimed at streamlining the probate application process. However, as the year has gone by it has become clear that the transition is not going to happen smoothly.

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Don’t be an April Fool this tax year

11/06/2020

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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Your Wealth, Your Decision...or is it?

11/06/2020

Testamentary freedom is the concept that you can, within your Will, leave your wealth to whomever you wish - whether by outright provision or by placing assets into a trust. The recent case of Cowan v Foreman reaffirmed the English Court’s commitment to upholding testamentary freedom wherever possible, by rejecting Mrs Cowan’s application to receive her inheritance in the form of outright legacies instead of through the trusts set up by Mr Cowan’s Will.

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Taper Relief on Gifts Made Less than Seven Years Before Death

11/06/2020

A lot of people are familiar with the concept of the need to survive seven years from a gift of capital for the value of that gift to fall out of their estates for inheritance tax (IHT) purposes. (For more information, please click on this link to see our article published in December 2018).

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