Inheritance Tax

Inheritance Tax This tax was introduced by the Finance Act 1986 and replaced Capital Transfer Tax on death. For most, the risk of there being an inheritance tax charge on their death is minimal. However, for wealthy individuals the thought of paying 40% of their assets to HM Revenue and Customs is an unwelcome one. […]

Homemade v Professional

Homemade v Professional There is no requirement for your Will to be drafted by a Solicitor. You can, if you like, draft your own Will at home. All you must do is make sure your Will is in writing, that you sign it and that your signature is witnessed by two independent witnesses. However, when […]

Executors

Executors The appointment of Executors may be the most important appointment you ever make. An executor is the person or persons charged with the responsibility of administering your estate when you are no longer here. Executors are appointed by your Will and must make sure the wishes stated in your Will are carried out. Amongst […]

Can I appoint my child as Executor?

Can I appoint my child as Executor? If your child is over 18 then, yes you can. If your child is under the age of 18 when you make your Will but is over 18 when you die, that is okay too. However, you can appoint your child as Executor, even if they are under […]