Article Tag: executors

Is it time to simplify the Inheritance Tax process?

The Office of Tax Simplification (OTS) published its Inheritance Tax Review in November 2018. The review demonstrates that changes desperately need to be made to the administration process. The purpose of the report: Dealing with estate administration often places a huge burden on executors. The OTS recognises that the responsibility of dealing with the estate… Read more »

GDPR for Trustees and Executors: How have they been affected?

We’re five months on from the implementation of GDPR (General Data Protection Regulation) and many people have been asking what effect the new data protection rules have had for those acting as Executors and Trustees, and is there anything they should be doing going forward? The effects of GDPR for Trustees and Executors: As part… Read more »

The vital importance of choosing the right executors.

It is reported that the claims against executors for mishandling estates tripled last year. People often appoint friends or relatives to act as executors in an attempt to save money, but this can actually lead to greater expense at the end of the day if a mishandled estate lands up before the courts. ‘Mishandling’ by… Read more »

Are you keeping hidden assets squirrelled away from your partner?

In a recent report Prudential indicated that 15% of us over the age of 40, living with a partner, keep some or all of their savings hidden from their other halves. Whilst the survey looks at attitudes to holding onto secret savings and not disclosing to a spouse or partner, it is worth bearing in… Read more »