The change to registering of Trusts

The change to registering of Trusts

Trust registration requirements first appeared in 2017 when the UK adopted the terms of the 4th Money Laundering Directive. The intention was to capture a substantial amount of data on trusts to ensure compliance with the directive and for HMRC reporting requirements....
Leaving a gift to charity

Leaving a gift to charity

According to research from Remember a Charity, leaving a legacy gift in a Will has now reached a new high with 19% of people choosing to leave something to charity when they die. 3 in 10 donors with a Will included a charity and that increases amongst the more...
Leaving Cryptocurrency in a Will

Leaving Cryptocurrency in a Will

What is Cryptocurrency? Cryptocurrency is a digital payment system that allows you to hold the currency in a digital wallet. It is an intangible asset unlike cash, so there is no physical hard-copy asset. The digital wallet is a web-based or hardware-based system. The...
Should a home be gifted to children during lifetime?

Should a home be gifted to children during lifetime?

A common question we hear of is around the gifting of homes to children during lifetime. Many are under the impression that the best way to manage their potential future care liabilities, mitigate inheritance tax and ‘keep things simple’ is to make a gift of their...
Should EPAs be replaced with an LPA?

Should EPAs be replaced with an LPA?

You may have clients who have an Enduring Power of Attorney (EPA) in place. EPA’s were replaced by Lasting Power of Attorneys (LPA’s) from 1st October 2007 so it’s not been possible to create EPA’s since then. Your clients may ask you, if they have an EPA in place,...