Bereavement can be very stressful for all concerned without the added burden of dealing with a loved one’s estate. Obtaining the grant of probate, which is required before assets can be distributed, can be a long, complex and time consuming process. Our time and knowledge is at your disposal.
Through our Probate Service we are able to assist clients and their legal advisers with the collation of information, completion of probate documents and appropriate distribution of assets to ensure tax efficiency. For further estate advice please get in touch with our experienced team today.
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Inheritance TaxNews & Case Studies
Will you make provision for all those you hold dear?Posted in Fiducia News, Financial Advice (+1 more), on 08.03.18 Read Getting your affairs in order and planning what you want to pass on to loved ones Writing a will may seem daunting, and with everything else we should be thinking about it becomes just another chore on the to-do list. It’s especially important for cohabitating couples to have a will, as the surviving partner does not automatically inherit any estate or possessions left behind.
Inheritance Tax- The Residence Nil Rate Band (RNRB)Posted in Inheritance Tax, Discounted Gifts (+2 more), on 26.10.17 Read
The 2015 Summer budget announced the introduction of the residence nil rate band for inheritance tax. This measure introduces an additional nil-rate band when a residence is passed on death to a direct descendant. This is in addition to the standard Inheritance Tax Nil Rate Band (NRB) of £325,000 per person and is designed to give a married couple a combined IHT free amount of £1m on death from 6th April 2020.
This will be:£100,000 in 2017 to 2018 £125,000 in 2018 to 2019 £150,000...