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.
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.
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.
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.
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.
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.
New research by Royal London has revealed that around 70% of adults in Ireland do not have a will in place.
Charity will campaign Will Aid has highlighted the importance of keeping your will up-to-date to reflect any changes in personal circumstances.