How to Make a Claim Under the Inheritance Act
Inheritance Act claims have steadily been increasing over recent years. It is now more common to see families made up of second marriages, stepchildren, carers, or cohabiting partners. Consequently, this can lead to misunderstandings over inheritance rights or disputes between beneficiaries. In this post, we look at some of the most frequently asked questions about
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Important Inheritance Tax Changes In April 2017 Free Will Review
Reduce your potential inheritance tax liability- Amaka Jackson Solicitor At Jackson Longe Solicitors, we continually strive to offer you first class legal service and it is in this spirit that we write to you. New Rules The government has introduced an additional Inheritance Tax allowance for people who own a house. You may be aware
Read MoreWhat is the Inheritance (Provision for Family and Dependants) Act 1975? (IPDFA)
It was a general principle of law that we are free to leave what we own to any persons or organisations of our choice upon our death. The IPDFA 1975 (“the Act”) however was enacted to “put right” situations where the surviving spouses and young children are left with little or nothing from the estate
Read MoreHow To Avoid The Inheritance Tax Trap!
Today’s article in the Telegraph on beloved actor Rik Mayall’s highlights the common misconception that one’s estate passes on in its entirety to one’s surviving spouse on death in the absence of a valid Will. Not only is the lack of a Will most likely to be bring about avoidable (and sometimes terrifyingly contentious) disputes amongst the
Read MoreTax Rules: Jointly Held Assets By Married Couples Or Civil Partners
Background It is common for married couples to own assets in joint names. Income arising from jointly held assets is treated for tax purposes as divided equally between husband and wife, subject to rules relating to shares in close companies. It is also possible for the married couple to make a declaration setting out the
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