Inheritance tax planning is an effective way to manage the tax that will be paid on your estate when it is passed onto your loved ones. Whether or not inheritance tax will be due in your estate depends on its value and the beneficiaries. As a starting point, the current threshold for inheritance tax (IHT) is…
The winter season can present a variety of challenges. As has been well-documented, the NHS are annually put under increasing pressure as the nights grow longer and the temperature plummets. Though many people often avoid the subject, it is fundamental that you have the correct provisions in place for the future, particularly as winter takes…
The thought of losing our capacity to make decisions about our health and welfare, as well as our property and financial affairs, is not something that we like to dwell on. However, the reality is that it can happen at any time, due to illness, injury, or age-related degeneration. For this reason, it is essential…
The UK Trust Registration Service (TRS) is a new online platform which trustees should use to register trusts with HM Revenue & Customs. The service came into existence in 2017 and as from 1 September 2022, most trusts will need to be registered. HMRC have the discretion to share information with other authorities who may…
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