Words of Wisdom – Avoid Will Delay in Estate Planning

Words of Wisdom – Avoid Will Delay in Estate Planning

A dear client sadly passed away leaving a wife and two step-children. He was American and the wife Filippino (she was very hesitant about signing documents to do with either one dying.) I encouraged them to write their wills but also encouraged a family (living trust)...
Non-UK Domicile status and the scope of Inheritance Tax

Non-UK Domicile status and the scope of Inheritance Tax

Scope of Inheritance Tax for non-Domicile UK asset holders From 6th April 2017, an individual is deemed to be domiciled in the UK (even though they may continue to have a non-UK domicile under general law) if they have been UK resident for at least 15 out of the past...
Who pays UK Inheritance Tax?

Who pays UK Inheritance Tax?

Inheritance tax (IHT) is the tax which is paid on an estate when the owner of that estate dies. Inheritance tax (IHT) is the tax which is paid on an estate when the owner of that estate dies. Depending on certain criteria, the tax may also be payable on gifts or...
Keeping it in the family – How to reduce an inheritance tax bill?

Keeping it in the family – How to reduce an inheritance tax bill?

Inheritance tax raised a record £5.4bn in the last financial year the highest amount since the current tax system was introduced 33 years ago. Many people think it is deeply unfair that the estate they have worked so hard to build up can potentially be subject to a...
Understanding Business Protection

Understanding Business Protection

Business Protection is something that is very often overlooked when businesses arrange their insurances. All companies will have a variety of insurances such as public and personal liability, company vehicle insurance and commercial property insurance as a minimum....