How To Avoid Your Will Being Contested
Naturally, emotions are high when a family member dies. If someone is not happy with what he or she inherited or didn’t inherit in a Will, they might be driven to contest the Will. Contesting a takes a long time, ranging from months to years and during this time, all beneficiaries are prevented from receiving what they are entitled to get.(more…)
Bluebond Tax Planning now featured in the Times
We are delighted to be a part of The Retirement Planning Checklist featured in the Times on Saturday 14th March 2020. This is the first time Bluebond Tax Planning has historically appeared in the Times newspaper.(more…)
How Do The Rich Avoid Inheritance Tax – 5 Simple Methods
When you pass away, you will probably want your estate to be transferred on to your children. Paying Inheritance Tax will significantly reduce the assets that they will end up receiving. Here are some ways of ensuring your children, and not the taxman, will benefit from your assets when you die.(more…)
Overseas Assets and UK Inheritance Tax
There are many misconceptions about how to take overseas assets into account for UK Inheritance Tax. This could result in many UK families paying large Inheritance Tax bills unless careful planning measures are taken.(more…)
Why is the Labour Inheritance Tax Proposal a Problem
What will the inheritance tax changes proposed by the Labour party mean to you? Please see a view from our tax advisor with over 17 years experience.
Estate Planning: Myths That Just Won’t Die!
Estate planning remains probably the most misunderstood area of Financial Planning. Some clients think they just need a little Financial Planning but not any Estate Planning. Some consider themselves too old or too young to even think about it. Policy changes from HMRC that hit the headlines do nothing to inspire confidence in a notoriously complex system.
What Is Inheritance Tax?
Inheritance Tax (IHT) is a tax on the transfer of assets from one person to another. It is usually encountered when someone dies, and they leave their Estate to either one individual or a range of beneficiaries. However, lifetime gifts also have IHT consequences. The rate of IHT is generally 40%.
A Sea Change for Landlords?
The Government is determined to build a housing market fit for the future. It aims to make the private rental market fairer and more transparent for tenants. In doing so, it will reduce the number of private landlords in the UK by making it less lucrative.
Could Inheritance Tax be abolished?
Rumours are swirling that Inheritance Tax may perhaps be abolished. It is tricky to navigate the current IHT regulations and many adults admit they find it baffling. Despite the ability for a couple to pass on £850,000 free of IHT, receipts this year increased by 8% to £5.2 billion.
Estate Planning: Where there’s a Will there’s a way …
The whole estate planning process is difficult for many clients. People often have a lot at stake financially and emotionally when they engage an estate planner. The fact that others often have an intense interest in the outcome of any estate planning doesn’t make it any easier either.