WillPack

Case Law: How It Affects The Way We Work

Case Law: How It Affects The Way We Work

In our line of work, there have been a large number of high-profile cases and subsequent case law that we, as professionals, need to take into consideration at all times in the preparation of Wills. Any one of these case laws can be raised should circumstances appear to be in any way similar in nature. … Read moreCase Law: How It Affects The Way We Work

Enduring Power of Attorney Overview

Enduring Power of Attorney Overview

There are clients who are still in possession of an Enduring Power of Attorney (EPA) and one of the first questions that a client may ask is if it is still valid. If the EPA was signed before 1 October 2007 in the correct manner, then yes, the EPA will still be valid. Enduring Power of … Read moreEnduring Power of Attorney Overview

Options for Inheritance Tax Planning

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Continuing from last week’s article, there are options available to the testator(s) when it comes to Inheritance Tax (IHT) planning. Some planning can simply be done by a well drafted Will, whilst others will require lifetime planning. The best approach will depend on the factors covered in last week’s newsletter. What options are available with … Read moreOptions for Inheritance Tax Planning

Considerations for Inheritance Tax Planning

IHT Considerations

An important part of estate planning is to determine if the testator has an Inheritance Tax (IHT) liability. IHT is a tax charged when wealth changes hands, most commonly charged on death, but may also be charged during lifetime. IHT is charged when assets above the Nil-Rate Band (NRB) are passed. Each person has their … Read moreConsiderations for Inheritance Tax Planning