A new survey suggests that a worrying number of Britons are ignoring Inheritance Tax (IHT) and have not taken any measures to determine or mitigate their potential liability, despite news that 45,000 UK households were hit with IHT bills in 2016/17.
Families urged to review Wills following shock rise in IHT receipts
Almost £4.9bn was paid by British families in Inheritance Tax (IHT) last year, while monthly IHT receipts in 2017 continue to rise gradually month after month.
Thousands who registered LPAs this financial year to receive refunds from OPG
The Office of the Public Guardian (OPG) is to repay an estimated £89m to thousands of people who have registered a Lasting Power of Attorney (LPA) at some point during the current financial year.
Vulnerable clients ‘not taking full advantage’ of legal services offered by solicitors
Vulnerable and older clients living with mental illnesses such as dementia are “not taking full advantage” of the range of legal services that are currently on offer to them, a new study reveals.
Law Commission calls for drastic changes to the drafting of Wills
The laws surrounding writing a Will are “unclear and outdated” and serious changes need to be made to bring the process up to speed with the modern world, the Law Commission has said.