Inheritance Tax

Inheritance Tax

Assets, Business Owners, Estate Planning, Legal, Tax

Who Pays Inheritance Tax? Inheritance Tax is payable on the net value of any estate over £325,000 at a rate of 40%. The net value is after all allowable debts, expenses and exemptions have been deducted. The main exemptions are: A married couple can leave unlimited...
Guardians for your Children

Guardians for your Children

Family, Legal

Everyone who has children under the age of 18 must appoint Guardians to look after their children in the event of their untimely death. If they do not, then the authorities will make the decision as to who should care for them. Clearly this has immense implications...
Pilot Trusts

Pilot Trusts

Death in service, Legal, Pilot trusts

A Pilot Trust In today’s sophisticated financial market, many people have death-in-service benefits through their employment or death benefits via their pension scheme. These benefits are generally nominated in favour of the surviving spouse so are not treated...
Protecting your Estate

Protecting your Estate

Assets, Estate Planning, Legal

Thanks to the improvements in medical science and general health and fitness, we are all living longer. Not surprisingly however, few of us have considered the implications of this for our hard earned savings and investments and crucially our home. Most of us assume...