A survivorship clause is exactly what it sounds like; a clause in a will that makes a gift to a beneficiary conditional upon them surviving the testator by a set period of time. While these clauses are commonly used in modern wills, it’s clear that many people don’t appreciate the negative effects they can have…
Ready for all the information you need to know about writing your Will? This article has been written by the Society of Will Writers (SWW). The Society of Will Writers is a non-profit making self-regulatory organisation which seeks to protect the public and serve the interests of those men and women who are active professionals…
Intestacy Article Introduction – What is Intestacy? ‘It’s okay not having a Will as long as you know what will happen without one.’ What happens if you die without a making a Will? Simply put, the government will decide what happens to your property, possessions and money for you. Dying without a Will,…
Inheritance Tax and You Inheritance tax (IHT) receipts have surged by an astounding 22.9% in the first quarter of the tax year, and according to HMRC the amount of IHT paid in the last year has reached an all-time high. But what does this mean for the average person? We cover the basics on IHT.…
What is IHT? IHT, short for Inheritance Tax is a tax introduced by the Inheritance Tax Act 1984. It is argued that IHT is a tax on wealth because anyone with an estate worth over £325,000 will have to pay Inheritance Tax on their death, hence why it is also referred to as the death tax.…
