by johnireland | Legal Spotlight
Ginger v Mickleburgh is a recent High Court case about a Will that was thrown out because the person who made it lacked the mental capacity to do so. Michael Gwilliam signed a Will in 2014 that cut his four daughters’ inheritance in favour of his sister, her son...
by johnireland | Articles
Most people assume their Will covers everything they own. It doesn’t. There’s one page, tucked away in a pension file somewhere, that decides who gets one of the biggest assets many of us will ever hold — and it sits completely outside your Will....
by johnireland | Estate Planning Essentials
Here’s something a lot of people don’t know: your Will doesn’t decide who gets your pension. Most pensions are discretionary trusts, and the trustees decide who receives the death benefit when you die, guided by a separate document called an...
by johnireland | Articles
Most families dealing with a death assume that if there’s no Inheritance Tax to pay, there’s nothing much to file. For estates worth roughly £325,000 to £1 million, that assumption has been broadly true since the excepted estate rules changed in January...
by johnireland | Tax Talk
HMRC has started sending agents an educational letter about the “excepted estate” shortcut for probate — the route that lets many non-taxpaying estates skip a full Inheritance Tax account (IHT400). The letters target applications filed at or near £325,000,...
