Article Category: Wills & Wealth Planning – Insight & Opinion

Deciding Who Inherits Your Estate When You Die

The recent case of Wales v Dixon 2020 highlights the importance of giving clear instructions when making a Will to ensure that your wishes are carried out following death and it is clear who inherits your estate. Helen Gowin, Head of Estate Administration at SAS Daniels LLP outlines the case. Mr Wales died in 2015… Read more »

Lockdown Wills: Can I Witness a Will through Video?

old man on phone and video calling through laptop - witnessing a Will

Common sense would suggest that there will probably be a spike in contentious probate disputes following the COVID-19 pandemic, due to the higher numbers of deaths than usual. Research suggests that, in light of the Government’s social distancing rules, many people may have written a Will and had it witnessed ‘remotely’. Section 9 of the Wills… Read more »

Pay Now or Pay More Later: The Cost of Not Writing a Will

Last Will and Testament paper documents to make a Will

Failure to plan for death can have catastrophic consequences for a spouse or partner, both emotionally and financially, which go far beyond what the deceased may have intended to happen. The remedy for the family left with no protection due to the deceased not writing a Will, would be that they are forced to apply… Read more »

What Are Personal Chattels and Why Are They Important?

ring as personal chattel

Personal belongings (or ‘chattels’) can be the centre of a dispute between family members when someone dies. Often the monetary value of these items is minimal, but the sentimental value is very important to your loved ones, and can lead to disappointed beneficiaries spending lots of time and money on attempting to obtain personal chattels… Read more »

Wills for Business Owners – Why Is It Important?

Vicky Timothy, Senior Associate Solicitor in our Private Client team, outlines the main benefits of Wills for business owners and, also, some of the risks you may wish to avoid if you die intestate (without a Will in place). There are many reasons why business owners should ensure that they have a Will in place…. Read more »

Arguing over a Will: The 5 Most Common Reasons

It is a very difficult time when a loved one passes away. This feeling can be worse if the provisions of the Will are unexpected, or if there is conflict between the families over the distribution of the estate, leading to arguing over a Will. There has been a surge over the last few years… Read more »

Top Tips to Maximise the Reliefs from Inheritance Tax

reliefs from inheritance tax

If you own a business or have farmland which may qualify for reliefs from inheritance tax, it is a good idea to have a Will in place in order to maximise this generous tax saving. HMRC have specific rules about apportioning the relief between chargeable and exempt beneficiaries; so without a Will, or if you… Read more »

Inheritance Tax Threshold Increases to £1 million

In April 2017, the Government introduced the Residence Nil Rate Band (RNRB) which provides an additional allowance for married couples where the surviving spouse leaves their property to direct descendants (i.e. children, grandchildren, step-children). The intention was to reduce the burden of inheritance tax for families and make it easier to pass property down to… Read more »

Five Reasons to Make a Will

Last Will and Testament paper documents to make a Will

Making a Will can be one of those things that you easily put off, however, it’s a really important document to ensure that your estate is dealt with as you would wish and your loved ones are protected after you die. Below are five reasons why a Will should be made or reviewed: 1. Division… Read more »