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Letters of Wishes—What WillPack can do for you

Letters of Wishes - What WillPack can do for you

A letter of wishes is simply a non-binding letter, stored with the will, that states certain desires of the client. They have a variety of different uses. This article is intended to show what clients could be doing with letters of wishes, and how WillPack can assist with this. Letters of Wishes for Trusts Letters … Read moreLetters of Wishes—What WillPack can do for you

1975 Act Special Guidelines

1975 Act Special Guidelines

As well as the general guidelines under S3(1) Inheritance (Provision for Family and Dependants) Act 1975 (the 1975 Act) in last week’s article that the courts must consider in all cases, S3(2)-(4) cover special guidelines that the courts must consider for each different class of applicants under the 1975 Act. Spouses/Civil Partners (including judicially separated … Read more1975 Act Special Guidelines

Common Errors in the Signing of Lasting Powers of Attorney – Updated

Common Errors in the Signing of Lasting Powers of Attorney - Updated

As an important legal document, a Lasting Power of Attorney needs to be legible and the Office of the Public Guardian will reject any documents that do not meet their standards. We check a large number of LPAs before they are sent to the OPG, some common errors are detailed below: Dates Please take the … Read moreCommon Errors in the Signing of Lasting Powers of Attorney – Updated

Looking ahead in 2019 – Important Changes and Dates for Estate Planners

Looking ahead in 2019: Important Changes and Dates for Estate Planners

We’re now a couple of weeks into 2019 and have hopefully cleared any Christmas holiday backlogs, so now is a good time to look ahead at what’s to come over the course of the next year. Below is an overview of events to look out for: Probate Fee Changes It is expected that the new … Read moreLooking ahead in 2019 – Important Changes and Dates for Estate Planners

Office of Tax Simplification Inheritance Tax Review – First Report

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Last year, the Office of Tax Simplification (OTS) was asked by the Chancellor of the Exchequer to conduct a review into Inheritance Tax (IHT). Their call for evidence received a record amount of responses from both professionals and members of the public. The OTS’s findings are being published in two reports. The first report, covering … Read moreOffice of Tax Simplification Inheritance Tax Review – First Report

Finding the ‘pur’fect solution for pets

Finding the 'pur'fect solution for pets

In the lead up to Christmas, we are reminded of the famous Dogs Trust slogan that ‘a Dog is for life, not just for Christmas’. A pet’s life may of course last longer than its owner, particularly if they own animals with long lifespans such as certain types of parrot. It is important therefore that … Read moreFinding the ‘pur’fect solution for pets

Business Property Relief (Continued)

Why use a Business Property Relief Discretionary Trust?

Following on from the article last week, this article will cover the remaining conditions that must be met for a business to qualify for business property relief (BPR). Please note that the following should only be intended as a brief introduction to BPR. BPR is a complex area with several pitfalls. When it comes to … Read moreBusiness Property Relief (Continued)