by johnireland | Estate Planning Essentials
A Will covers what happens after you die. A Lasting Power of Attorney (LPA) covers what happens if you lose mental capacity while you’re still alive – and without one, nobody automatically has the legal right to manage your money or make care decisions for...
by johnireland | Articles
A Will protects your family after you die. It does nothing at all while you’re still alive but unable to make decisions. Most people who come to us for a Will have already thought carefully about who gets what when they die. Far fewer have thought about what...
by johnireland | Articles
Give away the family home too soon, and you could hand HMRC two tax bills instead of none Gifting a property to your children while you’re still alive can feel like the sensible, generous thing to do. You reduce the value of your estate, you get to see your...
by johnireland | Articles
The Single Biggest Change to Estate Planning in a Generation For the last decade, pensions have been the most inheritance-tax-efficient asset most families own. Advice was straightforward: spend other savings, leave the pension untouched, pass it on outside the...
by johnireland | Articles
A Record Year for Inheritance Tax — and for Enforcement Inheritance tax receipts reached a record of nearly £8.5 billion in the last tax year. What has received far less attention is how much of that money HMRC had to go and find. New figures show that investigations...
