The Residence Nil-Rate Band (RNRB) was introduced as part of a broader effort by the UK government to alleviate the impact of Inheritance Tax (IHT) on middle-class families, particularly those whose primary asset was the family home. It was first announced in the 2015 Summer Budget by then-Chancellor, George Osborne. The government recognized that rising property prices were pushing more estates over the IHT threshold, and many families were being forced to pay large tax bills on modest estates, especially when passing down family homes to children or grandchildren ..read more

Starting from 9 September 2024 in England and Wales all deaths will have to be referred to Medical Examiners. In this blog, we give a quick overview of the incoming changes and how they are revolutionising death certification ..read more

When it comes to probate and estate administration in the UK, the regulatory landscape extends beyond the Solicitors Regulation Authority (SRA). Many organisations, including the Institute of Chartered Accountants in England and Wales (ICAEW), also regulate these services, ensuring high standards and professionalism ..read more

When considering the role of an Executor, many people underestimate the complexity and responsibilities involved in administering an estate. This oversight can lead to significant financial and emotional burdens, as illustrated in the below case study ..read more

If you missed our social media gifting series from June and July,we've consolidated all our posts and are taking the opportunity to delve deeper into the nuances of Inheritance Tax (IHT) and gifting ..read more

Inheritance Tax (IHT) is a significant concern for many families in the UK. With frozen thresholds and increasing property values, more estates are subject to this tax. This blog explores the essentials of IHT and offers insights into mitigating its impact. While we are experts in estate administration, we do not provide financial advice. Our goal is to assist you with the probate process and estate administration.  ..read more

In certain circumstances, HMRC will allow a Personal Representative to postpone payment of all or part of the tax and interest due on delivery of an account. This is referred to as a Grant on credit ..read more

When estate planning, there are some things that are essential to include. For example:  who will inherit any property,   who may care for a dependent child,   or what should happen to various personal belongings.   One thing that often gets overlooked is what happens to a person’s digital assets.  ..read more

The period after the death of a loved one is a difficult time; and many people prefer to avoid thinking about it in advance. There are many challenges to consider; not only the emotional difficulties, but also the administrative duties that will need to be dealt with.  An example of this is when the deceased has outstanding debts upon their death. Matters such as these become even more difficult to handle when the debt is unexpected and no provisions for its repayment have been made. It is a commonly held assumption by many people that debts are written off upon the death of the borrower ..read more

When estate planning or dealing with the estate of someone who has died, you may have to handle Inheritance Tax (IHT).   ..read more