UK Trusts Registration Service procedure
Why do trusts have to be registered using the New UK Trust Registration Service? HM Revenue and Customs (HMRC) accepted registration of trusts with paper form 41G (Trust) until April 2017 and the new UK Trust Registration Service is a replacement online trust registration procedure, enabling trustees to maintain trust records. The opportunity has been taken […]
Only 40% of UK population have a Will
According to the survey done by Perry’s, a London Accountancy firm, only 40% of the UK population have a Will. Are you one of the 40% and if so I wonder how old that Will is and whether it still fulfils your wishes? If you are one of the 60% who do not have a […]
Are Lasting Powers of Attorney too risky?
You may have heard on radio or seen in the press comments made by Denzil Lush, a retired senior judge from the Court of Protection when he stated he would never grant anyone a lasting power of attorney over his financial affairs, because of the serious risk of abuse. I was somewhat dismayed to read […]
Did you know that your estate can now benefit from a new Inheritance Tax exemption?
Did you know that your estate can now benefit from a new Inheritance Tax exemption? The new IHT Residence Nil Rate Band (RNRB) is in addition to an individual’s own Nil Rate Band, currently £325,000. The new RNRB is currently £100,000 and will increase by £25,000 each tax year until 2020/21. This new exemption will […]
Residence Nil Rate Band Explained
Residence Nil Rate Band Explained – By Danielle Harvey The new IHT Residence Nil Rate Band (RNRB) will be introduced April 2017. It is in addition to an individual’s own Nil Rate Band of £325,000, and conditional on the main residence being passed down to direct descendants (e.g. children, grandchildren). The RNRB will start at […]
Free Will Campaign
Heppenstalls are proud to be supporting Marie Curie with in their Free Will Campaign. If you are over 55 you can request a pack from the team on the link below, or in either of our Offices at New Milton or Lymington. https://www.mariecurie.org.uk/…/…/free-will-writing-service… Making a Will is simple and straightforward. Having a Free Will brings […]
Should I make a Will?
Should I make a Will? Surveys show that people put off making a will, often until they’re in their 50s. Three-quarters of the population have a will in place by the time they are 65, but that still leaves a sizeable number uncovered! Why Make a Will? Without a will, your family could face a […]