The headlines around inheritance tax following the budget were noisy on how farmers will be affected, on pension pots and on the fact that there is no rise on the nil rate band in the near future. However, in the small print there is an important change: that is the amount of interest charged on unpaid tax liabilities.
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Our Managing Partner Melinda Giles helps younger listeners understand the law around someone passing away in her appearance on the Kids Law podcast.
There is definitely speculation about potential changes to IHT. We have not seen major change since 2017. But what could happen now?
Have you thought that one day, when the time comes, you would like to keep your parents’ home in the family? Perhaps live there yourself? Even bring up a family there? You may even have had conversations with your siblings about how one of you would buy out the others. If this is something you are thinking about – you need to start planning now.
Jodie O'Regan is the Giles Wilson representative at Leigh-on-Sea WIBN and she writes about the benefits of this wonderful group of local women.
This year International Women’s Day 2024 is centred around the theme of inclusivity. When we inspire others to understand and value women's inclusion, we forge a better world.
Inheritance tax is a tax that needs to be paid by a person or their estate and is most commonly paid when someone dies or when setting up a trust.
In the sixth episode of the #TVLawyer Podcast, Melinda Giles speaks to Giles Wilson Probate Executive Victoria Ferguson about Wills, Lasting Power of Attorney and later life, and why planning ahead is so important for the future.
In the fifth episode of the #TVLawyer Podcast, Melinda Giles talks to Giles Wilson Associate and integral member of our Private Client department Demi Trunks about the complexities of probate sales and transfers.
Inheritance Tax (IHT) is due by the end of the sixth month after someone dies. Allowing for time to grieve and thereafter the thankless task of collecting essential information from banks, valuations and details of debts, this deadline can creep up on you.
Learn why it is important that everyone has an up-to-date Will, no matter their age or circumstance.
"You take your car to the garage, your pet to the vet, and you should take the matter of your family’s inheritance, to your solicitor."
The death of Peter Farquhar by the man who emotionally and financially abused him for years highlights the impact of systematic grooming and financial crime against the elderly.
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