by Legacy Insights | Jun 8, 2021 | Inheritance Tax, Trusts, Wills
As the pandemic pushes the annual death rate above average, research has found that it has prompted people to make a Will. A survey entitled the UK Wills, Trusts and Probate Market Report 2020 conducted by market research consultancy IRN Research found that of those...
by Legacy Insights | Apr 6, 2021 | Inheritance Tax, Probate, Trusts
When someone dies, their representative has the job of winding up their estate and finalising their affairs. If they have left a Will, then their representative is known as the executor of their Will. If there is no Will, then the job is undertaken by their...
by Legacy Insights | Mar 30, 2021 | Inheritance Tax, Probate, Trusts, Wills
As unwanted Christmas gifts languish in the corner, research reveals the huge investment power of a small pot of money given to children and invested for later life. Opinium Research on behalf of St James’s Place asked parents of under-18s how much would be spent on...
by Mark L | Mar 16, 2021 | Inheritance Tax, Lasting Powers of Attorney, Legacy Planning, Wills
Legacy Planning is an extremely valuable, and often overlooked part of good financial management. We have asked Mark Layzell – Co-founder and Managing Director of Legacy Matters for some top tips on effective Legacy Planning. Why is Legacy Planning so important to...
by Legacy Insights | Feb 16, 2021 | Estate Planning, Inheritance Tax
Time to start thinking ahead. The UK residential nil rate band (RNRB) is due to update this year. So, what might this mean for you? Let’s take a look at the main criteria of the RNRB and how it works in practice as well as the main conditions. What is the UK...
by Legacy Insights | Dec 29, 2020 | Estate Planning, Inheritance Tax
When something is given away, but the person making the gift still retains the use of it, it is known as a gift with reservation of benefit (GROB) A GROB commonly occurs when parents give their property to their children but continue to live there. While the property...
