When writing a will it’s important that you get your wishes down for who should be appointed as executors, trustees or guardians and how your estate should be distributed in a binding fashion. But what about your more general wishes for your estate, or for your children? A letter of wishes is a very useful…
Most people collect a lot of ‘stuff’ over the course of their lives. Some valuable in real monetary terms, and some valuable from a sentimental perspective. Much of these personal possessions fall under the definition of ‘personal chattels’. Personal chattels are defined by s55(1)(x) of the Administration of Estates 1925 as amended by the Inheritance…
It’s no surprise that in a digital age the question of ‘what happens to my bitcoins when I die?’ has been brought to our attention. Bitcoin is cryptocurrency, which is a form of digital currency, which of course means there’s nothing tangible to be had. You can’t go to the bank and withdraw X amount…
Charitable Bequests Have you considered donating to charity under your Will? It’s a great way to continue to support a cause that you are passionate about even after you have passed away. Leaving a gift to charity in your Will can also reduce the amount of inheritance tax (IHT) payable on your estate. Some…
Gifting at Christmas The History of Christmas Christmas is a festive holiday traditionally celebrated over 12 days (Christmas Tide) culminating on the twelfth night. The celebration centres around the birth of Christ which is celebrated on the 25th December. Over recent years Christmas has become a commercial phenomenon recognised by the giving and receiving…
