inheritance

Probate fee hike for bereaved families is an "abuse of power" says accountancy institute

The intention of the Ministry of Justice (MoJ) to increase probate fees for bereaved families is an abuse of the government's constitutional power says the Institute of Chartered Accountants in England and Wales (ICAEW).

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Can I claim my late husband’s state pension?

In most cases your state pension is now based on your own national insurance record and therefore will be paid at your state pension age.

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Your shout: "Moneywise saved me over £150 on my LPAs"

Each month we publish the best comments, emails and letters from our readers. Here are the best of September 2018

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Disinheritance: the dos and don'ts of cutting someone out of your will

With more and more legal disputes over wills, you need to make sure your instructions are watertight if you would prefer not to leave your kids a windfall

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Parents giving away £227 billion to kids to save on inheritance tax

One in five parents has given money to their children in an attempt to reduce the amount of inheritance tax their families will have to pay when they die.

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Can I transfer some of my estate to my wife to reduce the inheritance tax our children will pay?

A certain amount of your estate can be passed on inheritance tax-free; this allowance is called the ‘nil-rate band’ and is currently £325,000.

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Retirees are more likely to pass on their wealth than spend it

Retirees do not spend their accumulated wealth and will bequeath most of it, according to a new report from the Institute for Fiscal Studies (IFS).

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Why a Lasting Power of Attorney is still the answer

Denzil Lush, until recently the most senior judge in the UK Court of Protection, stated that despite there being 2.5 million Lasting Power of Attorney (LPA) agreements in place, in England and Wales, he would never sign one...

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Get your will written for free in March

Over 55s can have their will written for free during March as part of the ‘Free Wills Month’ campaign.

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Avoid inheritance tax by brushing up on Isa rules

Chancellor Phillip Hammond recently described Britain’s inheritance tax system (IHT) as being "particularly complex".

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