Inheritance tax (IHT) is payable upon death or at certain stages during lifetime. For the purposes of this post, we will look at the IHT charge payable upon death which relates to the deceased’s estate. Upon death, the Executors will calculate the value of the estate including the value of any assets i.e., property or …
Investment Property Values and how to protect these from Inheritance Tax
It is widely recognized that although most ongoing active businesses are exempt from Inheritance Tax (IHT) upon the death of the owner(s) or controlling shareholder(s), those businesses where the main activity relates to investment property or properties are NOT exempt from potential IHT liability, so how do you protect from inheritance tax? However, all is …
Investment Property Values and how to protect these from Inheritance TaxRead More
Should You Review your Existing Will – Devon Will Writer’s Response
Dealing with your Will once and then forgetting about it can be likened to having just one dental check-up in your entire life We recommend that you review your Will every 3-5 years. This is to make sure that your Will still serves your current wishes. We also recommend reviewing your planning when there is …
Should You Review your Existing Will – Devon Will Writer’s ResponseRead More
Deceased Estate Values
Receiving an inheritance from a deceased person’s estate can be a bittersweet experience at the best of times. Although you may have received a windfall, you have probably lost someone very dear to you. Many people are unaware that we have up to 6 months to pay any Inheritance Tax (IHT) due, and up to …
TRF Wills (TRF) was created by Michael Cotterill in 2005. He is a member of the Society of Will Writers and registered with the Information Commissioner’s Office.