Can you pay IHT out of your inheritance?
IHT is the acronym for Inheritance Tax and nobody who inherits normally pays inheritance Tax on their inheritance. The reason for this is that the Executor if they have a Will or the Administrator of…
IHT who pays?
Are you involved in sorting out somebodies’ life after they have passed away? If you are not familiar with IHT then it is the acronym for Inheritance Tax. It is always the estate that…
Valid Will
When does my Will become legal? Your Will becomes a legal document at the point where you sign it in front of two adult witnesses, and they then sign to confirm they have witnessed your…
Medical Donation
Can I make a medical donation in my Will? Yes, you can, this can take two forms. You can gift money to a medical charity with a very simple instruction in your Will naming the…
Charity Gifting
Can I leave items rather than money to charity? Yes, it is possible to leave all sorts of things to charities but the most important thing about doing this is engaging with the charity in…
Minors Inheriting
What if my main beneficiaries are under 18? If the main beneficiaries of your Will are under 18 they are unable to directly inherit, so for this reason we create a minors clause in your…
Insurance and Probate
Life insurance usually does not go through probate if a named beneficiary receives the pay-out directly, bypassing the deceased’s estate and the lengthy probate process. The most common way that this happens is that married…
Multiple Wills
Can I have more than one Will? For most people putting one Will in place is challenging enough, no matter how hard I try to make it easy for them. The thought of having more…
Can I set up a trust for my children/grandchildren’s education?
Setting up trusts to cover future educational needs of your family can be a tax – efficient way of removing liability from your estate while ensuring that investments are made to cover the costs of…