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On the sad event of someone’s death there is the potential silver lining of some financial benefit. However, could there be circumstances where an inheritance might place someone in a worse position?
There is a rapid growth of wealth amongst young people in Britain, meaning that the number of estates that will be hit with an IHT bill is set to rise. This is if the current government doesn’t decide to scrap the scheme altogether.
Inheritance tax is a tax that needs to be paid by a person or their estate and is most commonly paid when someone dies or when setting up a trust.
In the sixth episode of the #TVLawyer Podcast, Melinda Giles speaks to Giles Wilson Probate Executive Victoria Ferguson about Wills, Lasting Power of Attorney and later life, and why planning ahead is so important for the future.
In the fourth episode of the #TVLawyer Podcast, Melinda Giles talks to Giles Wilson Partner and expert in later-life legal matters Pippa Bavington to break down the considerations and complexities involved with equity release.
In the first episode of the #TVLawyer Podcast, Melinda Giles talks to Giles Wilson Associate and Court of Protection expert Kirsty Buxton to highlight this crucial component of our legal system.
This can be one of the easiest ways to save yourself some inheritance tax, and potentially avoid paying any at all – provided you seek the right advice and make proper arrangements.
"You take your car to the garage, your pet to the vet, and you should take the matter of your family’s inheritance, to your solicitor."
If you already have or are considering a Discretionary Trust within your Will, it is vital that you understand the impact this can have.
Our lives are being increasingly being lived out online, but are you aware of what happens to your online assets when you pass away?
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We have also received recognition in the form of the Lexcel mark of quality, a Legal 500 listing and a place on the shortlist of The Lawyer’s Boutique Firm of the Year.
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