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In a report published on 14 December 2011, the Law Commission has put forward its recommendations to reform the intestacy rules and the Inheritance (Provision for Family and Dependants) Act 1975.
When...
LSB launches first statutory investigation into will-writing
On 14 July 2011, the Legal Services Board (LSB) - the independent body that oversees the regulation of lawyers in England and Wales – launched a statutory investigation into improving the protection...
Consultation on charitable giving in wills
For deaths on or after 6 April 2012, estates that include charitable legacies of at least 10% of the net estate will benefit from a 36% inheritance tax (IHT) rate.
The key points are as follows:
The...
Britons are needlessly paying billions in tax – are you one of them?
The professional advice website unbiased.co.uk has recently published its 19th annual Tax Action Report and, according to its findings, British taxpayers are set to unnecessarily hand over £13.5bn to...
Consultation reveals growth in support for the regulation of will-writing
Back in October 2010, I wrote that the Legal Services Consumer Panel (LSCP) had asked members of the public, lawyers and other interested parties to give their opinions on the will-writing industry.
The...
Contested wills on the rise
According to new High Court statistics published in The Independent newspaper on 28 November, the number of people challenging wills through the courts has risen by 38 per cent over the past year - and...
Care home fees threaten wills
Newly-published research by health care analysts Laing & Buisson and the House of Commons Library has revealed that thousands of pensioners are being forced to sell their homes in order to pay residential...
The cost of being a grandparent rises to £120,000
Research carried out by NSM Research on behalf of Yours magazine has concluded that the average cost of being a grandparent (over the first 18 years of their grandchild’s life) is £50,252. If the...
Legal Services Consumer Panel asks for views on the will-writing industry
The Legal Services Consumer Panel has recently published a document asking for members of the public, lawyers and interested organisations to give their opinions on the will-writing industry and to provide...
EU consultation on cross-border IHT extended
Back in early July, I wrote about the European Commission’s consultation on possible approaches to tackling cross-border inheritance tax obstacles within the EU.
This consultation, which was due...