Adam Rice | Mayo Wynne Baxter

Keep the Will up to date

One of the most famous legal cases is in fact a fictional one – Jarndyce v. Jarndyce. It features in Dickens’ great novel Bleak House and many of the book’s characters are one way or another entwined with this case. Daily many of the litigants attend the Chancery Court in person until some go mad… Read the rest of this post (No Comments)

Giving to Charity

The autumn statement from the Chancellor confirmed that the inheritance tax threshold will remain at £325,000 until April 2015, when it will increase by an extremely modest amount to £329,000. The rate of tax is 40% but this can be reduced to 36% if you make a Will and leave at least 10% of your… Read the rest of this post (No Comments)

What About A Trust?

Sometimes I am asked whether a trust will save inheritance tax. The answer is that it may, but not necessarily, and in certain circumstances tax can be payable immediately when a trust is created. A trust is where a person gives away a sum of money, or property, to two or more people who act… Read the rest of this post (No Comments)

Giving your home away!

From time to time clients come and see us to ask “shall I give my house away now so I don’t have to pay nursing home fees later?” There are two aspects to that question, essentially, shall I do it, and will it work? Let’s take the latter point first. There are rules in place… Read the rest of this post (1 Comment)

Wills and Murder!

Anyone who enjoys a detective story from the golden age of detective writing will be familiar with those scenes when the grave-faced solicitor gathers the family around the dining table and tells the expectant beneficiaries of the Will that they have been cut out of the Will made only a few days earlier and the… Read the rest of this post (No Comments)

Is it legal?

Well, that is of course a question that could be asked of any number of things but I am sometimes asked whether a home-made Will, perhaps with the aid of a form from WH Smith, is legal. Well, it could be, but there are many pitfalls in doing your own Will. It must be clear… Read the rest of this post (No Comments)

Death & taxes persist despite wild election promises

In the run up to the last election there was talk of the Conservatives increasing the inheritance tax level to £1,000,000. In the event, the financial crisis and the constraints of the coalition have meant that the tax threshold has remained at the rather more modest £325,000, which can increase to £650,000 when the survivor… Read the rest of this post (No Comments)