Spring Statement 2022: Inheritance Tax (IHT)

Posted 24 March 2022 by Richard Tinkler

There appears to be no changes to inheritance tax in the Spring Statement announced on Wednesday 23 March 2022.   The existing IHT thresholds and reliefs in force remain unchanged.  However, inheritance tax is rather complex and if you wish to obtain advice in connection with your inheritance tax position, or the inheritance tax position of a deceased’s person’s estate you are dealing with, please get in touch with us to speak with one of our experts.   It seems only a matter of time, inevitably, before the inheritance tax threshold changes but of course we do...

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‘No Fault Divorce’

Posted 17 March 2022 by Dawn Pennell

On 6th April 2022 we will see a dramatic and significant change in England and Wales in relation to divorce law.  This is the first change in almost fifty years.  Resolution - a group of about 6,500 family law professionals who are committed to allowing couples to deal with the consequences of relationship breakdown with as little acrimony as possible by ending their marriages with dignity and by avoiding unnecessary conflict - have long campaigned for a no-fault, blame-free divorce process thereby reducing the impact that conflict and allegations of blame can have on families an...

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​Do I need a Grant of Probate to cash in a deceased person’s NS&I monies if I am an Executor?

Posted 31 January 2022 by Richard Tinkler

I am frequently asked, as a specialist in Private Client Law dealing with Wills and Probate, whether a Grant of Probate is required to cash in a deceased person’s holdings with National Savings & Investments, which often comprises premium bonds.   Sometimes it can be very obvious whether or not a Grant of Probate is required – for example, a holding of £5.00 would almost certainly not require a Grant of Probate but a holding of £50,000 (currently the maximum which can be held by an individual in premium bonds) would almost certainly inevitably require a Gr...

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Can I make a Power of Attorney if I lose mental capacity in future?

Posted 21 December 2021 by Richard Tinkler

As a specialist in Private Client Law, covering Wills, Probate and Powers of Attorney, questions I am frequently asked is “can I make a Power of Attorney once I have lost mental capacity?” or “a loved one has lost mental capacity – can I now make a Power of Attorney for them?”    I  always explain that you can only make a Power of Attorney (for Property & Financial Affairs and/or Health & Welfare) when you do have mental capacity – to either be used to manage your property and financial affairs straightaway or, if you prefer, only...

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