Under the current Inheritance Tax regime, on death the first £325,000 of each individual’s net estate is taxed at 0%. This is known as the “nil-rate band” (“NRB”). Unless any tax reliefs apply, the rest of their net estate is then taxed at 40%. Tax-free allowance of up to £650,000 New additional allowance starts at…

Hilary Buckle looks at the steps that need to be taken when a person subject to a Court of Protection a deputyship order, dies. Practical steps when a Court of Protection order ends due to death Deputy may be required to produce final report Security bond remains in force for two years unless court rules…

Jane Whitfield explains the difference between joint tenants and tenants in common in the co-ownership of land. Imagine your house is like an apple.  If you own your house as joint tenants, then you both hold this red apple together as a whole. If one of you dies,then the apple passes in its entirety to…

Justin Sadler talks to Andrew Peach on BBC Radio Berkshire, March 16th 2017 Following a ruling by the Supreme Court, Probate expert Justin Sadler of Barrett & Co solicitors in Reading was interviewed by BBC Radio Berkshire’s Andrew Peach. This case is “groundbreaking”, says Justin, because adult children who are financially independent of the deceased…

Family Solicitor Paul Wild looks at the importance for cohabiting couples to have adequate financial planning arrangements. Many benefits available to married couples unavailable to cohabiting partners A valid will is vital Some aspects of an estate fall outside a will Have you nominated your partner on your pension scheme? An often overlooked, but vital aspect,…

When someone dies, the usual main asset is a property. And the rise in property prices means that the value of a typical estate is higher than ever. Because of the more complicated family structures around today – people remarrying, people having children without getting married – you have more potential beneficiaries and the way…

In her second article this month, Hilary Buckle, Head of Private Client, examines the options for concerned friends and relatives when potential welfare issues are identified, but a person already lacks capacity. What is a Deputyship? How to apply for apply for Deputyship What happens next? The Private Client Department is often instructed by clients concerned…

In the first of a series of articles about protecting elderly clients, Hilary Buckle, head of the Private Client Department discusses the signs of financial abuse of elderly clients. Charity’s leaflet summarises warning signs of financial abuse How to protect yourself against financial abuse The charity Action on Elder Abuse has recently produced a booklet…

Family disputes over inheritance are sadly common and blight the lives of many elderly people. That was certainly so in the case of an 85-year-old woman whose daughter and son-in-law claimed that she was legally obliged to leave her home to them in her Will. Daughter and son-in-law footed household bills in the belief they…

One in every FIVE wills has a basic error in them – Hilary Buckle explains why you should only have your Will written by a fully-qualified solicitor that specialises in Wills and Probate. Legal Services Board reports one in five Wills has basic errors Poorly drafted Wills can lead to contested Probates and bills from…

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