The Office of The Public Guardian has launched a new online service to make the use of Lasting Powers of Attorney (LPAs) easier. The new tool currently applies to LPAs registered after 17 July 2020. The Office of the Public Guardian also have plans to widen the use of the tool to LPAs registered earlier
On 25th July 2020, it was announced that Wills witnessed remotely (i.e. over Zoom and Skype) are to be legalised, in a significant overhaul of probate legislation driven by Covid-19. Up until now, The Wills Act of 1837 has meant that Wills must be signed in the physical presence of two witnesses. What do the
By Clare Finn This time last year we looked at Inheritance tax and discussed plans for the Residential Nil Rate Band (RNRB), an additional allowance to add to an individual‘s current Nil Rate Band (NRB) of £325,000, which will be available from 6 April 2017. Additional Allowance The additional allowance starts at £100,000 in April
So has the promised Conservative Party pledge in 2007 to make family homes, worth up to £1m, exempt from Inheritance Tax (IHT) come into fruition or was it simply a manifesto ploy to win votes? The answer to this question isn’t straight-forward and there has been some movement on this pledge. After forming a
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