by Emma Lowe | Apr 26, 2022 | Will 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....
by Emma Lowe | Apr 12, 2022 | Will Trusts
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...
by Emma Lowe | Apr 12, 2022 | Will Trusts
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...
by Emma Lowe | Feb 3, 2022 | Will Trusts
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...
by Emma Lowe | Jan 12, 2022 | Will Trusts
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,...
by Emma Lowe | Oct 30, 2021 | Will Trusts
A common client question: How do Inheritance Tax rules apply for those that own buy-to-let properties? Typically, inheritance tax is payable on buy-to-let properties as they will form part of an estate when a person dies. Inheritance tax is charged by HMRC at a rate...
