Many people ask the question “why should I have a Will” either because they don’t understand what a Will is, the information that it contains or the protections that it can offer to their partner, family and friends after their …
Bond Adams examines delays in getting probate
Dealing with the death of someone close to you is always a difficult time, and the probate process is no exception. People are naturally eager to complete probate as smoothly and quickly as possible and are often dismayed to learn …
The Bond Adams guide to cutting inheritance tax liability
Without proper guidance and financial support, Inheritance Tax (IHT) can cost families thousands of pounds. Although complicated to understand at first, there are various ways to avoid paying inheritance tax legally. Working with a financial adviser will ensure you make …
News on payments when dying without a will
From 26 July 2023, the Statutory Legacy increased in England and Wales from £270,000 to £322,000. The Statutory Legacy is the sum a surviving spouse or civil partner is entitled to receive when a person dies intestate (without a valid …
Inherited Pension News
Tax consultations published last week included a big-hitting item concerning inheritance tax and their exclusion from marginal rate income tax. Since 2015, pensions could be inherited free of inheritance tax and income tax, where the person who died was aged …
Do I need probate if there is a Will?
Probate is needed if the estate is valued above the probate threshold, plus the assets owned are in one name only despite there being a will.
Making a will for someone with Dementia or other forms of memory issues
Making a will is an important aspect of a person’s life. It gives certainty to family members, as to distribution. However, the laws are very critical, in terms of who can and cannot make a Will. As it is the …