TLDR — What Happens to Your Will If You Remarry

by johnireland | Estate Planning Essentials

Most people do not know this: in England and Wales, marriage automatically revokes your Will. The moment you say “I do,” your existing Will is treated as though it never existed — unless it specifically says it was made in contemplation of that particular...

What Happens to Your Will If You Remarry — The Inheritance Trap That Catches Thousands of Families Every Year

by johnireland | Articles

Every year, thousands of families across England and Wales discover a legal rule that most people have never heard of: marriage automatically revokes your Will. It does not matter how recently you wrote it. It does not matter how carefully it was drafted. The moment...

TLDR — Taper Relief and the Seven-Year Gifting Rule Explained

by johnireland | Tax Talk

Taper relief is one of the most misunderstood rules in inheritance tax planning. Most people believe it gradually reduces the value of a gift over seven years. It does not. It reduces the rate of tax — and only on amounts above the nil-rate band. Here is how the...

Taper Relief Explained — How the Seven-Year Gifting Rule Really Works and Where Most Families Go Wrong

by johnireland | Articles

The Seven-Year Rule Is Not What Most People Think Ask most people how inheritance tax works on lifetime gifts, and they will tell you something along these lines: give money away, survive seven years, and it is tax-free. That is broadly correct — but the detail...

TLDR — The Richest Man in Babylon by George S. Clason

by johnireland | The Book Shelf

Ancient Wealth Principles That Still Protect Families Today Published in 1926 — exactly a century ago — The Richest Man in Babylon uses ancient parables to teach principles of wealth building and preservation that have not dated at all. It remains one of the...