As a wills specialist, one of the most common misconceptions we at KWW Solicitors encounter is that estate planning simply involves writing a will. While a well-drafted will is the cornerstone of any robust estate plan, it’s often just the beginning. For many individuals and families, particularly those with complex circumstances or significant assets, the
Inheritance tax planning is a crucial aspect of financial management, yet it is often shrouded in misconceptions and myths. As the New Year begins, it’s an opportune time to debunk these common misunderstandings and shed light on the realities of effective inheritance tax planning. In this article, Jack Haskew, Head of our Private Client team,
Recent hikes in the interest rate have put families on the back foot when it comes to paying Inheritance Tax (IHT).
Having a Will is important for every adult but is even more so as you enter retirement and start to put your affairs in order. With time on your hands, it is a good opportunity to make an appointment with your solicitor to make or update your Will and plan for your old age while
It can be flattering to be asked by a relative or close friend to be a trustee of their estate, but this is a role with important legal obligations and disputes can arise when beneficiaries do not agree with the actions of trustees. One such area of potential disagreement is the amount of information that
This quick-reference table explains the role of your solicitor at each of the various stages of obtaining probate. We hope this helps you to understand the process and how our expert lawyers can support you at every step of the way. You need to… Your solicitor will… Register the death with the localregister office. Obtain
Planning how to deal with your assets in a tax-efficient manner is an important but potentially complex task. An increasing number of estates will be liable to inheritance tax (IHT) on the owner’s death, so it is vital to consider how your Will can be drafted to reduce the amount of tax that will be
Unmarried couples are not offered the same protection as married couples and civil partners. Cohabiting couples often assume that moving in together creates similar rights and responsibilities as marriage (so-called ‘common-law marriage’) or absolutely no rights at all. Both beliefs are wrong. If you are moving in together, or you are the parent of someone
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