Tag: Private Client

Amanda is a solicitor in the Private Client Department at Buss Murton Law in Tunbridge Wells, Kent. She specialises in Wills, Probate, Lasting Powers of Attorney and other areas of Private Client Law.

Earlier this month an All Party Parliamentary Group (APPG) encouraged the Government to consider making significant reforms to Inheritance Tax in order to reduce the burden for increasing numbers of middle class families being dragged into the Inheritance Tax paying threshold. The proposals suggested that the current 40% should be reduced to a flat rate […]

It is not always obvious that there are procedures to follow. The first is where did the death occur? The most likely locations are at home, in a hospice, in a nursing home or in hospital. If at home and the death is sudden or unexpected, call the Police. If not unexpected or if it […]

The Government has abandoned plans for a new ‘death tax’ following months of widespread public opposition. The changes which were due to take effect last April, were delayed due to Parliament’s all-consuming Brexit talks and have now been postponed indefinitely. Instead probate fees and charges in relation to the running of the family and civil […]

There can be a risk that by reason of the time delay between valuing land and buildings for the purposes of lnheritance Tax and the sale of the same, the value may fall. lnheritance Tax is paid on the date of death value and, in some cases, at least some of that is to be […]

A freedom of information request by Discretionary Fund Managers Quilters show that the Revenue opened more than 5,000 Inheritance Tax investigations in a year, a figure representing well over 20% of the 22,000 estates that are liable to lnheritance Tax in that year. Whilst it is more often than not the case that persons named […]

The shadow chancellor is considering plans to impose a new lifetime gifts tax with a threshold of just £125,000. The Labour party has confirmed it is considering plans that will increase the receipts from inheritance tax from its current £5.3bn per year to £15bn. This will include a radical shift from taxing estates to taxing […]

As strange as it may seem, there may be circumstances where you might not want assets or monies left to you in a Will. In this situation you have a right to refuse the inheritance. There are two methods to remove inheritance from your hands. They have very di­fferent implications. One method would be to […]

Mirror Wills or Joint Wills are legal documents where the contents of one Will are almost exactly replicated in the other.

The £72,500 cap on social care costs that an individual could expect to spend on his or her residential care, which was due to come into effect in 2020, has been scrapped.