October 2024 | Curtis Parkinson

Can Regular Gifts Really Lower Your Inheritance Tax Bill?

Inheritance Tax (IHT) is a critical consideration in estate planning. While established strategies like utilising the nil-rate band and potentially exempt transfers (PETs) are widely employed, a lesser-known yet highly effective approach involves gifting from surplus income. This method presents a unique opportunity to manage IHT liability while proactively providing beneficiaries with financial support. Advantages […]

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The Importance of Time When Challenging the Validity of a Will

Inheritance disputes are, unfortunately, all too common. If you believe a Will is invalid, you can challenge it in court. However, acting quickly is crucial. While no strict deadline exists for contesting a Will, delaying your challenge could seriously harm your chances of success. Grounds for Contesting a Will Unlike many other countries, the law […]

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Living Together? Don’t Rely on “Common Law Marriage” Myths

A new poll from the UK’s national will-writing campaign reveals a worrying misconception. Almost two-thirds (64%) of the estimated 3.4 million cohabiting couples in the UK wrongly believe their partner will automatically inherit their estate if they die without a Will. Younger couples are particularly prone to this misunderstanding, highlighting a critical need for greater […]

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The Gathering Inheritance Tax Storm

Why Your Will Matters More Than Ever The financial landscape of inheritance in the UK is on the cusp of change. Whispers of potential reforms to inheritance tax (IHT) are escalating, and the steady rise in contested Wills highlights a growing issue. With a significant proportion of the population depending on inheritances to secure their […]

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