This site is for financial advisers only, Click here for the consumer site.

Share

Succession Planning

Handing over papers

Wills and trusts part 2

Wills and trusts, as described in our previous article ‘wills and trusts part 1’, are common, but sometimes poorly understood. The distinctions between them are significant, as they are both important in estate and succession planning but generally serve different purposes. Here we look at each in more detail.
Completing Forms

Wills and trusts part 1

The terms "will" and "trust" are common, but sometimes poorly understood. The distinctions between them are significant, as they are both important in estate and succession planning but generally serve different purposes. In a well thought out financial plan they are complementary to each other. Here we look at what they are and how they’re created.
Coloured buildings

Consultation – IHT on UK property

The UK Treasury issued a consultation paper outlining changes to the inheritance tax (IHT) treatment of UK property held within offshore structures on Friday 19 August 2016. Changes will apply from 6 April 2017.
completing forms

Application for an IHT reference number

This article explains when an Inheritance Tax reference number should and should not be obtained before paying Inheritance Tax on an estate.
child money

IHT – the forgotten tax

IHT's impact isn’t felt until the client dies, when clients may have more pressing issues to deal with. This article provides some reminders of ways to save on the eventual IHT bill.
couple meeting adviser

Deeds of variation

How deeds of variation can be used to alter the position of a deceased person’s estate and how to register a deed of variation with HM Revenue & Customs (HMRC) in the UK.
flower house

No need to own the home for 0% band

HMRC has issued new guidance on how those who have downsized their home later in life or have had to sell it, can still benefit from the Main Residence Nil Rate band announced in the Summer Budget.
woman in window

Rules of Intestacy

This article explains how your estate will be distributed under the laws of England and Wales. It also touches briefly on how this differs from the laws of Scotland and Northern Ireland.
big ben

UK Intestacy rules

From 1 October 2014, the UK intestacy rules have been amended by the Inheritance and Trustees’ Powers Act 2014. 
Windmills

Business/Agricultural Property Relief

This article explains how Business Property Relief and Agricultural Property Relief operate in relation to Inheritance Tax planning and also highlights some of the recent cases on this topical subject.

Financial Adviser Verification