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.
New research has revealed that working age adults in Britain are not banking on a substantial inheritance to secure their financial future.
Only around half of UK adults have made a will, according to will writing campaign group Will Aid.
The Law Society of England and Wales has welcomed the launch of a public consultation exercise by the Law Commission over proposed reforms to the laws relating to will-writing.
