BLOG - Inheritance

• Inheritance Tax – Do you need a solicitor?

  

  12 Mar, 2019 Posted By:

  Even though Inheritance Tax (“IHT”) is based on a simple concept – whatever you own at the date of your death will potentially be subject to tax – the reality is often very complex.  Despite this, more and more people are taking up the Government’s offer to do their own DIY Probate.  What they don’t tell... read more.
  Tags: Wills and Probate , Probate , Tax Planning

• Have you considered a Lasting Power of Attorney?

  

  26 Sep, 2018 Posted By: Leanna Haskell

  A Lasting Power of Attorney is Just For the Elderly – Or is it? Absolutely not. Most of us understand the importance of making a Will, but a worrying number of us don’t understand the importance of making Lasting Power of Attorney (LPA) – whatever your age. An LPA is a legal document that allows people you trust to make decisions... read more.
  Tags: Wills and Probate , Private Client , Frome

• Inheritance Tax Planning and Lifetime Gifts

  

  12 Feb, 2018 Posted By: Abigail Whelan

  Depending on how much you have to leave, your estate may be liable to pay Inheritance Tax when you die, and you may want to think about how you can reduce that impact.If you are concerned about the impact of Inheritance Tax on your estate, lifetime gifting - giving some of your assets away while you are alive - can be a useful tool to mitigate this.... read more.
  Tags: Tax Planning , Wills and Probate , Private Client

• Dying in the Digital Age

  

  11 Dec, 2017 Posted By: Leanna Haskell

  Over the past five years, internet use amongst the over 65’s has increased substantially and figures are expected to rise dramatically over the next decade as an increasingly tech savvy population ages.  The question of what happens to our online presence when we die has never been so important.  What is a Digital Asset and why are... read more.
  Tags: Capacity , Inheritance , Probate

• Government Confirms Huge Increase In Probate Fees

  

  15 Mar, 2017 Posted By: D.Collins

  The government have announced that they will be proceedings with controversial plans to introduce huge increases to the fees charged by the Probate Court Service, for obtaining grants of Probate. At present, there  are flat rate fees which apply to all estates, of  £155 where the application is made via a solicitor, or £215... read more.
  Tags: Inheritance , Intestacy , Wills and Probate

• Inheritance Tax. The Law is Changing

  

  29 Nov, 2016 Posted By: D.Collins

  Last year alone the Inland Revenue collected £4,643,000,000 in Inheritance Tax. If you would like to reduce the contribution you make to that sum, it’s important to plan ahead and to think about Inheritance Tax when you make your will, and to review your plans when the government makes changes to the rules. The tax is payable by estates... read more.
  Tags: Tax , Wills and Probate , Wills

• Have you set up Powers of Attorney

  

  24 Nov, 2016 Posted By: D.Collins

  Martin Lewis, the ‘money saving expert’ spoke to Adrian Chiles on his  BBC show, recently  about the importance of LPAs and of making a will As Martin Lewis explains, failing to make a will (for anyone, but particularly for unmarried couples) can cause terrible problems, and can means that the people whom you love and want... read more.
  Tags: Cohabitation , Inheritance , Intestacy

• Our private client department is expanding.

  

  27 Apr, 2016 Posted By: D.Collins

  The Partners  at FDC Law are pleased to announce that Leanna Knight has joined FDC Law Frome, as a member of the Private Client Department.   Leanna is a native of Frome and, she says, is delighted to be returning to her home turf to work! She  obtained her law degree from Bournemouth University, and has previously worked... read more.
  Tags: Frome , Inheritance , Intestacy

• Proposed New Stealth Tax on Estates

  

  25 Feb, 2016 Posted By: D. Little

  The Ministry of Justice have recently issued a consultation paper with their proposals to reform the application fees for Grants of Representation (The application made for Probate or letters of administration, to allow you, as their executor or administrator, to deal with their estate)  in England & Wales.    The MoJ propose... read more.
  Tags: Inheritance , Private Client , Probate

• Partner Wins Claim for Home

  

  17 Feb, 2016 Posted By: M. Taylor

  Joy Williams lived with her partner, Norman Martin for 18 years in a home they owned together. However, when he died unexpectedly in 2012, she found that, because they were not married, Mr Martin had not made a will, and the couple owned the property as Tenants in Common,  Mr Martin’s share of the house did not pass to her, but instead became... read more.
  Tags: Contentious Probate , Cohabitation , Inheritance