Trusts and Tax articles
April 2024 It’s becoming increasingly common for individuals to own assets in more than one country. This includes property or land, as well as overseas bank accounts and investments. It can also encompass business interests. If you hold assets in more than one country, this is something you will need to take into account when …
Writing a Will with International Assets: What You Need to Know Read More »
There have been a number of changes in private client law this year that might affect you if you have legal plans in place for the future or if you’re currently administering an estate.
Most people are aware of inheritance tax and the added complications it can bring to the process of administering an estate. This type of tax does not need to be paid on all estates, just those that are worth over a certain threshold.
Trusts can make the already-complex task of administering an estate even more complicated. If you’ve been named as an executor in a Will that includes trusts, you might find our guide on how to approach this helpful.
In the past few years, the rules on when a trust needs to be registered with HMRC have changed. In the past, it was mainly only trusts that were liable for tax that needed to be registered. Now, almost all express trusts need to be registered, regardless of whether or not any tax is due.
It’s not always easy to know where to turn for advice when making plans for your financial future. Though it’s not a common occurrence, we have unfortunately worked with a number of clients who’ve been caught out in the past by fraudulent professional trustees.
There are a lot of things to think about in the aftermath of a bereavement. Some are emotional, some are practical and some are legal obligations.
Inheritance tax falls into the third category. Though it’s unlikely…
Losing a loved one is undoubtedly a very stressful experience. In some cases, this stress can unfortunately be magnified as a result of disagreements between family members. In these situations, it can be very difficult to…
Discover how gifts and transfers you make in life can affect the inheritance tax your estate pays when you are gone.
With the government’s recent increase of the Statutory Legacy, we examine the Statutory legacy and how it could affect passing your property on after death.
