People are increasingly willingly to leave part of their estate to a charitable cause close to their heart, according to new figures released by Remember A Charity.
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People are increasingly willingly to leave part of their estate to a charitable cause close to their heart, according to new figures released by Remember A Charity.
In an interesting case from Wales, a judge in Cardiff’s High Court has taken the unusual step of overturning a deceased man’s will to award property and some money to his long-term partner, reports the Daily Mail.
New research by Canada Life has found that as many as one in 25 people in the UK have inheritance expectations amounting to at least £1 million. For one in 50 people, these expectations exceed £5 million.
New research has revealed a lack of awareness amongst cohabiting couples of what their legal rights would be should their partner pass away.
People are increasingly living their lives online and the question of how someone’s digital assets and accounts should be handled after their death has become the subject of some debate.
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.
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.
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.
Two men in Ireland have announced that they intend to marry each other, even though they are both heterosexual, reports the BBC.
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.