Tax and Death : Why You Need a Will

Tax and Death : Why You Need a Will

If you are one of the 54% of adults in the UK who doesn’t yet have a Will, you might want to consider the following facts for the tax year 2017-2018 50% of people over the age of 45 have not yet made out a will! It gets worse by location…73% of people in...
How Do I Pay For My Funeral?

How Do I Pay For My Funeral?

Many people assume that the cost of the funeral will be paid from the proceeds of their estate. This is certainly a possibility if the payment can be deferred until the estate is finalised but this may not be the case and indeed many people do not want their...
Should I Have a Funeral Plan?

Should I Have a Funeral Plan?

It would not be unreasonable to expect a funeral plan to cover the cost of your funeral, but unfortunately this often isn’t the case. Most people sign up to a funeral plan to avoid their relatives and friends from having to pay for the cost of their funeral but...
Simplifying Inheritance Tax

Simplifying Inheritance Tax

As well as being one of the most unpopular taxes for the estimated 30,000 estates affected each year, Inheritance Tax is also one of the most complicated. Following a request from the Chancellor in January 2018, the Office for Tax Simplication (OTS) has been carrying...