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watersrule solicitors blog

Welcome to the watersrule solicitors blog. The blog contains general legal news updates and news from our firm. For expert legal advice on any matter please contact our solicitors (Stirling: 01786 235 235; Tillicoultry: 01259 753 330)

Chancellor Requests Inheritance Tax Review

The Chancellor of the Exchequer, Philip Hammond, has apparently written to the Office of Tax Simplification (OTS) to request that it carry out a review of Inheritance Tax (IHT) in the UK. 

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Charity Warns of Lack of Wills in UK

As many as 64% of adults in the UK are leaving their final wishes to chance by failing to prepare a will, Macmillan Cancer Support has warned. Worryingly, this includes 42% of people over the age of 55. 

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Millennials to Receive Inheritance Boom

A new report from the Resolution Foundation has revealed millennials are in line to receive the largest and most wide-reaching ‘inheritance boom’ of any post-war generation. However, this won’t come in time to solve their home ownership and wealth inequality woes. 

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Men Agree to Marry to Dodge Inheritance Tax

Two men in Ireland have announced that they intend to marry each other, even though they are both heterosexual, reports the BBC

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Inheritance Tax Projections Increase

The news that HMRC is projected to receive more inheritance tax (IHT) than initially forecast over the next five years should ring alarm bells for people with estates that are likely to be valued over the IHT threshold. IHT planning should now be a fundamental part of estate planning for everyone in this situation.  

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The Impact of Technology on Will Making

The Law Commission for England and Wales recently conducted a public consultation exercise over reforms to the laws governing will writing in England and Wales.

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Man Admits Faking Cousin’s Will

A 65-year-old man has appeared in court in Edinburgh after admitting he forged a relative’s signature on a fake will, reports the Evening News.

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Court Accepts Text as Official Will

In an interesting will dispute case from Australia, Brisbane Supreme Court has ruled that an unsent text found on the mobile phone of a deceased man can be taken as his official will, reports the BBC.

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Over-50s Prioritise Leaving an Inheritance over Personal Spending

New research has revealed that the over-50s are choosing to cut back on personal spending so they can build an inheritance pot for their loved ones. However, their children don’t share this view and would rather their parents spent their money on themselves during retirement instead of leaving it behind.

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Survey Reveals Reluctance to Plan for the Future

New research by Royal London has revealed that around 70% of adults in Ireland do not have a will in place.

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Please note that watersrule solicitors ARE NOT registered to provide Legal Aid or other types of Legal Financial Assitance.

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“They were very thorough in their preparation, very realistic in their goals, worked to resolve issues and kept me very well informed.”

Michael, Tillicoultry