Number of people leaving more than £150,000 doubles

January 6, 2017 0 comments

family law

The number of older people who are expecting to leave more than £150,000 in their will has almost doubled. This claim was made today by the Institute for Fiscal Studies (IFS), an economic research group based in London. In the decade leading up to 2013, the wealth among the over-80s increased by as much as…

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Bitter inheritance dispute reaches the Supreme Court

December 9, 2016 0 comments

wills and probate

A bitter inheritance dispute will reach the Supreme Court on Monday (12 December). Ilott v The Blue Cross and others concerns a woman who left her substantial estate to a number of animal charities when she passed away. These included the Blue Cross, the Royal Society for the Protection of Birds (RSPB) and the Royal…

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Over 50s call inheritance tax ‘double taxation’

October 10, 2016 5 comments

family law

The majority of people over the age of 50 consider inheritance tax a form of “double taxation”. Almost three quarters – 73 per cent – of Mumsnet and Gransnet users expressed this view in a recent poll. Nearly 1,000 users of the social networking sites took part in the survey which asked about their attitudes…

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Supreme Court date set for inheritance dispute

September 26, 2016 0 comments

family law

The Supreme Court will hear an already well known case relating to an inheritance dispute involving major animal charities on December 12. Ilott (Respondent) v The Blue Cross and others concerns a ruling made by the Court of Appeal in July 2015. The estranged daughter of a woman who had left her entire estate to…

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High Court overturns disabled man’s will

August 26, 2016 1 comment

family law

The High Court has overturned the will left by a disabled man after his two brothers received nothing. The 46 year-old had an estimated £1.1 million estate when he died in 2013. This was primarily the result of a compensation award he received after a motorcycle accident in 1985 caused head injuries and limited the…

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HMRC collects record £4.7bn inheritance taxes

August 2, 2016 0 comments

family life

Her Majesty’s Revenue and Customs (HMRC) collected £4.7 billion in inheritance tax over the last financial year. This is the largest amount of inheritance tax (IHT) taken by HMRC in the 30 years since the introduction of the current tax system. The figure represents a 22 per cent increase from the previous year, when IHT…

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Inheritance tax: dying at the wrong time

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July 27, 2016 0 comments

family law

When it comes to inheritance tax, some people are simply dying at the wrong time. How much inheritance tax will I be charged? Currently, Inheritance Tax (IHT) is payable on death at the rate of 40 per cent of the aggregate value of an individual’s chargeable estate over and above the available IHT ‘nil rate…

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Costs ruling in failed will row

June 27, 2016 4 comments

legal aid

A woman who questioned the will of her late father in court has been ordered to pay more than £65,000 in costs. The case concerned the illegitimate daughter of a wealthy businessman. She challenged a will leaving his fortune to his partner. Her claim was based on various allegations, including undue influence and the claim…

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