Cumulation
We are reviewing the advice given in relation to cumulation: I’ll give you a few options but be careful of one point, cumulation – I’ll explain (beware though, by my own admission this is quite a technical answer that you will have to read a few times but the tip is a good one): If […]
Advice for Lottery Winners
£45.5 million. That surely is a good Saturday morning reading when you pick up your lottery winnings. But it isn’t all plain sailing as some of you might think! Consider the problems Les and Samantha, the lottery winners now have. There may be some mild sarcasm to follow.
Will the tories simplify care costs?
I suppose like any run up to an election, noise is catapulted beyond comprehension. We all have short memories and in practise will the proposals ever apply? Probably not. But I suppose we all want to believe the best will happen and we can rely on a government and that is why proposals are being slung around like a politician coming up to an election!
Will writing and inheritance planning… Doing nothing is not an option
A friend of mine asked me about making a will at my 40th birthday last week! He asked me when I might be making a will as clearly time was ‘getting on’. I had made one some 19 years before and have changed it more than five times.
Surviving spouses and Inheritance Tax – the nil rate band implications
Reader Writes:
Your recent column on inheritance tax (IHT) mentioned the change in the pre budget report and that IHT had just become much easier. I have just considered there may well be quite a gap between the first and second death so I was wondering what needs to happen on first death and what a surviving spouse should now do if their spouse has pre deceased them.
The new inheritance tax threshold – what does it mean for me?
I wonder how many people like me saw the fact that the pre budget report had announced the Inheritance tax threshold had doubled and then fainted. What better news I thought…Until I read it. Basically the nil rate band is the amount you can transfer to anyone other than your spouse free of inheritance tax. […]
Using your nil rate band to create debts against your estate
Reader Writes:
I read your articles over the last few weeks on inheritance tax and splitting trusts. I wonder if you could explain how the recent case will affect those who use their nil rate band to create debts against their estate.
Inheritance Tax & Gifts
Reader Writes:
Following last week’s column we still have a number of Inheritance Tax questions unanswered.
If I am making gifts or gifts into trusts which order should I do them in?
Inheritance Tax Trust Splits
Reader Writes:
Following your article on Inheritance Tax Planning I had a number of questions, perhaps you could help?