Back in August, we wrote about the importance of a Business LPA (Legal Power of Attorney). Little did we know then that the second wave of this pandemic would result in more business owners getting ill, or the lingering effects of Long COVID months after initial infection. Neither did we know the good news about […]
Articles
Lockdown 2.0: Helping the next generation now
As the UK settles into a month of lockdown restrictions, some will be financially relatively untouched, whilst others will be looking towards a very uncertain 2021. Whilst the Chancellor’s announcement of an extension to the furlough scheme until March 2021 is to be welcomed, it won’t help the hundreds of thousands being made redundant by […]
Registering a Trust: new rules on their way
New rules will require any Trust to be registered with HMRC by 2022, regardless of whether it is income-producing or not. How will this impact me? If you are a Trustee, this applies to you. You need to ensure that the Trust you look after is registered with the HMRC UK Trust Register by 10th […]
Why a free Will may not be such a bargain
This month is Free Wills Month. You’ve probably seen the adverts from various charities promoting how you can get a Will written for free, and perhaps help the charity with a gift in the process. What is Free Wills Month? Free Wills Month is a national initiative where those aged 55 or over can have […]
Complex Inheritance Tax Rules leaves families exposed
Dealing with probate is rarely as straightforward as it seems and the rules around Inheritance Tax (IHT) can be a minefield to the lay person and causing very real problems for the beneficiaries of the estate, further down the line. Many people appoint friends or relatives as the Executors of their Wills, believing that this […]
Inheritance tax: don’t pay more than you need to
Safeguarding more of what is rightfully yours for future generations “Inheritance Tax is, broadly speaking a voluntary levy paid by those who distrust their heirs more than they dislike the Inland Revenue.” Roy Jenkins Inheritance tax can seem a real sting in the tail for those of us who have worked hard and paid taxes all […]
