It is very important that you have a will in place for when you pass away. There are a number of benefits that come with having a will, including the fact that you can choose who will be in charge of distributing the assets that make up your estate....
When people buy a property together, they have the choice of entering into the contract as joint tenants or tenants in common. Both come with their own sets of advantages and disadvantages in the case of a split or the death of one of the owners. This article will...
When purchasing a property with somebody, there is usually a lot of excitement in the air. In this excitement, it can often be easy to get swept up and, as such, not have a proper thought about the legal protection that you need. Even more than that, you need...
There is a misconception that trusts can only be used by wealthy people that are looking to protect multiple assets or even overseas property. However, anybody can draw up a lifetime interest trust as part of your will to protect your assets. The benefit of a lifetime interest trust...
Any possessions, assets or property you leave to beneficiaries when you die may be subject to Inheritance Tax (IHT) which your family has to pay. HMRC expects payment of IHT before probate has been completed. This means that the money has to be found before any property, or other...
When someone dies, their beneficiaries are required to pay tax on their inheritance if the value of the deceased’s estate is over HMRC’s nil rate band threshold, which currently stands at £325,000. However, it is possible to lessen the tax burden on your family through discretionary trusts. Let’s look...