Inheritable ISA Allowance

November 13, 2015

The question A number of people are asking us about changing their Wills to take advantage of the new inheritable ISA allowance. If you already know about ISAs (or if you don’t want to know about ISAs), skip down to “The answer” –  otherwise read on. The background The background is that every adult is…

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The “Million Pound Nil-Rate Band”

September 25, 2015

I’ve read about the Million Pound Nil-Rate Band and I want one.  How do I get it? You don’t, at least not yet, and maybe not at all. The first thing you need to know about the Million Pound Nil-Rate Band is that there isn’t one.  Nothing has changed and nothing will change until 2017….

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The Danger of Home-Made Wills

August 21, 2015

The internet is a great place to get information. Google any topic and within minutes you can download hundreds of ‘How to’ pages that claim to give all the answers and the knowledge needed to tackle life’s important tasks. However, there are many instances in life where taking the DIY approach can cause problems in…

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Deeds of Variation

July 21, 2015

Deeds of Variation – One Way to Avoid Paying Too Much Inheritance Tax (and Buy Now While Stocks Last!!) Deeds of Variation – the 10 second version If you don’t have time read to all this, the vital message is: if you inherited or stand to inherit from someone who died in the last two…

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The Minority Shareholder Trap

June 16, 2015

You and your three friends start up a business. It takes off and, on the advice of your accountant, the four of you form a limited company. Each of you has 25% of the shares. You are a minority shareholder, but that doesn’t bother you. Why should it? The business has grown and is now…

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Deadlock Forces Sale When Family Inherits Business

September 3, 2014

When a family business is handed down and ownership is split between two or more members of the next generation, the result can all too often be discord. Normally, this can be resolved by one party buying out the other, but when this does not occur, the result can be a disaster, as a recent…

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