The Government’s decision to change from the flat-rate probate fee to a tiered system based on the value of the estate has been scrapped following an announcement by the Ministry of Justice (MoJ).
The impending increase in probate fees were thrown into doubt earlier this week after they were branded ‘unlawful’ by the parliamentary committee on statutory instruments.
2016 will long be remembered as a year which saw a number of historically significant events take place, many of which will have long lasting implications both at home and abroad. There may also have been changes to your life which could immediately impact on the validity of your Will and any other estate planning documents that you have already created.
Recent research has shown that the cost of death is soaring, with funerals becoming more expensive than ever before. It is estimated that an average funeral now costs £4,000 and reports suggest that this is largely down to the increase in basic charges being made by local councils, which have risen by as much as 30% across the UK.
Recent research has shown that 86% of the population wants financial advice to help them prepare for their retirement, highlighting how many people do not feel confident in planning for this pivotal stage of their life.
Recent research shows that millions of Brits are relying on their inheritance to provide them with financial security, with this anticipated cash windfall often playing a key part in their retirement plans.
Today marks the beginning of ‘remember a charity week’ which is an annual awareness campaign designed to encourage more people to consider leaving a gift to charity in their Will.
As part of the ‘remember a charity’ awareness week, a report into the number of legacy donors was published, showing that 2015 was a record year for charitable Wills.
A recent announcement by the Treasury could put an end to a permanent non-dom status for tax purposes.
A High Court Judge has overturned the Will of a ‘significantly vulnerable’ man who left 95% of his estate to his carer.
A reluctance to talk about dying, bereavement and estate planning could result in your end of life wishes not being met.
The recent death of the Duke of Westminster has seen campaigners calling for the Trust system to be reformed, after it was announced that the vast majority of his £9 billion estate will remain exempt from Inheritance Tax (IHT).