Meeting an inheritance tax liability It is often quoted by the government that less than 4% of estates are subject to inheritance tax. However, this number is starting to increase year-on-year and is forecast to be over 7% by 2032-33. The increase in the number of estates subject to inheritance Read more…
Estates and trusts created by a will An estate and/ or a trust(s) created by a will may need to be registered on HMRC’s Trust Registration Service (TRS). Personal representatives’ and trustees’ responsibilities Personal representatives of an estate and the trustees of a trust(s) created in a will have different Read more…
Trusts, a way of arranging property for the benefit of others, while still maintaining some control over it This is a brief guide to the different types of trust available and the terminology used around trusts. It focuses on trusts established under the law of England and Wales. Different Read more…