Estate Planning & UK Tax Changes Recent changes to UK tax laws have significant implications for how we plan our estates. With frozen thresholds and new caps on reliefs, many families are finding that their estates may now face Inheritance Tax (IHT) liabilities they hadn’t anticipated. Understanding these shifts is crucial for protecting your assets…
Premium Bonds are a popular way to save, but many people are unsure how they fit into their estate planning. With Inheritance Tax potentially taking a significant portion of your assets, it’s crucial to understand where your Premium Bonds stand. This guide will explain how Premium Bonds are treated for Inheritance Tax (IHT) purposes and…
Complex Wills: Protecting Your Assets and Loved Ones Creating a will might seem straightforward, but when your circumstances involve multiple properties, blended families, or concerns about care home fees, you need more than a basic document. Complex wills offer sophisticated solutions for protecting your assets and ensuring your loved ones receive what you intend them…
Estate planning decisions carry significant weight, particularly when choosing who will handle your affairs both during your lifetime and after your passing. The question of whether your Power of Attorney and Executor should be the same person requires careful consideration of multiple factors that could impact your family’s future. Understanding the distinct roles these positions…
It is very important to ensure you have a well-drafted and up-to-date Will to ensure your loved ones and assets are taken care of in the future. However, knowing what circumstances require an update to your Will and when to do this can be confusing. In this blog, we discuss some of the common questions…
Making plans for your future or for a loved one who has lost mental capacity can feel overwhelming and complex, but understanding your options can help provide you with some much-needed security. Lasting Power of Attorneys and Deputyship Orders are two such options. There are several crucial differences between a Lasting Power of Attorney (LPA)…
Thinking about the concept of death is something many of us avoid, which could potentially be one of the key reasons that more than half of people in the UK do not currently have a Will in place. Unfortunately, this means that many people die without a Will, which can cause very serious issues for…
Buying a property? It’s time to make a Will and an LPA. If you are buying a property, you should make or review your Will and Lasting Power of Attorney (LPA) for the following reasons: Property is one of the biggest assets you will own so it’s important to consider who you want to inherit…
Going through a divorce or separation? It’s time to make a Will and an LPA. If you are getting divorced or separating from your spouse or partner, you should make or review your Will and Lasting Power of Attorney (LPA) for the following reasons: Your previous Will remains valid even after your divorce. However, any…
This article was edited on 26 July 2023 to reflect that the amount of the statutory legacy increased. When someone dies without leaving a Will, it can make things difficult for those left behind. We take a look at the problems that can arise and introduce the platform we have invested in to show clients…
After someone dies, their affairs need to be wound up and their estate distributed to the beneficiaries entitled to inherit. This can often be time-consuming and complex. The person administering a will, known as the executor, has a duty to the estate to deal with the administration promptly and ensure that all of the liabilities…
Gloucestershire’s premier law firm Tayntons has teamed up with South West charity Heart Heroes, to raise awareness of the benefits of leaving legacies to charities in your Will. Heart Heroes provide services for children with congenital heart disease and heart problems, to help them meet others who are in similar situations. Run entirely by volunteers,…
Kenny Goss will have an uphill battle with his recent claim for provision from the estate of ex-partner the late George Michael. The statute of limitations for contesting a Will is 6 months after the Grant of Probate; Mr Michael died on Christmas day 2016. Mr Goss is now at least 3 years late in…
The world-wide COVID-19 (Coronavirus) outbreak has everyone thinking about what might happen if the disease spreads more fully and rapidly across the general population. Despite best efforts to contain the outbreak, people in lots of countries around the world have contracted Coronavirus. That highlights the need for people to plan for whatever could possibly happen….
Name: Sarah Morgan Job Title: Legal Secretary 1.What is your role at Tayntons? Legal Secretary in the Private Client/Wills and Probate Department assisting a number of fee earners. 2. How long have you worked at Tayntons? 9 years this year! 3. What led you to this career? At first I wanted a change from my…
We participated in Solicitors Chat on Twitter answering questions about New Years resolution and how making a Will should be a top priority of 2020 – New Year, New Will. Janine Guthrie from our Private Client department were on hand to provide some much needed guidance. We’ve set out our answers out below: 1. Talk…
We participated in Solicitors Chat on Twitter answering questions about how a Solicitor can help you include a gift to charity in your Will. Ruth Appleton from our Private Client department was on hand to provide some much needed guidance. We’ve set out our answers out below. What are the benefits of leaving a gift…
The formalities that must be met when making a will are strict and failing to adhere to them to the letter can result in your wishes being frustrated after your death. That is exactly what happened in one case in which a generous mother’s final will was declared invalid by the High Court. What happened?…
We participated in Solicitors Chat on Twitter answering questions about the misconception that Wills are only for older people. We’ve set out our answers out below: At what point in their life can someone make a will? And at what point should they make a will? You can make a Will at any point in…
Making a will without professional advice is a positive invitation to dispute after you are gone. That was certainly so in the case of a vulnerable alcoholic who had a pint of beer in front of him when he signed will forms in a pub, leaving everything he owned to a taxi driver who had…
We participated in Solicitors Chat on Twitter answering questions about how you can write a Will if you have no family relationships. Courtney Rooney and Janine Guthrie from our Private Client department were on hand to provide some much needed guidance. We’ve set out our answers out below: For someone who has no living relatives…
We participated in Solicitors Chat on Twitter answering questions about being named as an Executor and the role of an Executor entails. Our Chartered Legal Executive, Janine Guthrie, was on hand to provide some much needed guidance. We’ve set out our answers out below. What are the key things to think about if you’ve been…
We participated in Solicitors Chat yesterday on Twitter answering questions about Marriage & Your Will. Our Chartered Legal Executive, Janine Guthrie, was on hand to provide some much needed guidance. We’ve set out our answers out below. 1. How does getting married or entering into a civil partnership affect your will? It revokes your Will…
Engaging Solicitors to both draft your Will and store it safely until it is needed really is the only sensible course to take. In a case where such wisdom did not prevail, the High Court had to decide whether a missing Will had been deliberately destroyed, mislaid or dishonesty removed. After a homeowner’s death the…
The latest statistics show that the Court of Protection’s workload is growing at a rapid pace. There were 38,945 orders made under the Mental Capacity Act in 2017 which was an increase of nearly 50% in 2016. Over a third (40%) of the orders made related to the appointment of a deputy for property and affairs. The…
As any lawyer will tell you, the consequences of lying under oath in court can be very serious indeed. In one case, an accountant who forged his dead mother’s will in an attempt to get his hands on her stake in the family’s £160 million business had his reputation ruined and was sentenced to 12…
For deaths on or after 6th April 2017 an additional Inheritance Tax (IHT) allowance, called the Residence nil-rate band (RNRB) may be claimed to reduce any IHT payable. Currently a deceased estate can pass up to £325,000 to any beneficiaries before IHT becomes payable. This is the nil-rate band (NRB). Gifts to spouses or civil…
Under English law, you can leave your estate to whoever you wish. However this has been challenged in the recent case of Ilott v. Mitson which has recently featured in the newspapers following a judgment on Monday 27th July 2015. The Inheritance (Provision for Family and Dependants) Act 1975 sets out several different categories of…
Lawyer Janine Guthrie has returned to her Gloucestershire roots after working with a top Legal 100 law firm in London. Janine says she is delighted to have joined Gloucester law firm Tayntons as a Chartered Legal Executive and is now living in Hucclecote where she grew up. After attending Ribston Hall High School for Girls,…
To contact us please call 01452 522 047 or 03330 145451 or email info@tayntons.co.uk
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