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Wills, tax, trusts & probate blog

Budget update!

9 Nov, 2018
Changes to Main Residence Relief and Lettings Relief Are you selling your main home for more than you paid for it? If so, the ‘main residence relief’ rules generally mean that...
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Wills, tax, trusts & probate blog

Probate fees increased as probate system modernised

7 Nov, 2018
              The Government has re-introduced controversial plans to increase probate fees, which were dropped in the lead up to the snap...
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Wills, tax, trusts & probate blog

Autumn Budget 2018: Headlines for individuals

30 Oct, 2018
The main headline which Philip Hammond saved for the end of his Budget announcement, is that the increase of personal allowances to £12,500 and the higher rate threshold (when you...
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Wills, tax, trusts & probate blog

Tax Return Deadline

26 Oct, 2018
Are you one of the 11,000,000 people who need to complete a 2017/18 self assessment tax return?  If so, and you plan to submit your return by post, the filing deadline is...
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Wills, tax, trusts & probate blog

How can I minimise the chance of a claim against my estate?

25 Oct, 2018
In England and Wales you are free to make a Will directing who should receive your property and other assets (your ‘estate’) following your death. This is an important right...
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Wills, tax, trusts & probate blog

Charitable giving – what do you want your legacy to be?

11 Oct, 2018
Despite the bad press that modern society often gets, there is still a strong culture of generosity and charitable giving features on many people’s ‘must do’ lists.  While...
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Wills, tax, trusts & probate blog

Finding it difficult to plan for later life? You’re not alone...

2 Oct, 2018
According to a recent study by the Office for National Statistics, by 2041 an estimated 3.2 million people will be aged over 85. By 2066 1 in 4 of us will be over 65, with this age...
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Wills, tax, trusts & probate blog

Pension protection trusts – a safe haven for pension death benefits?

30 Aug, 2018
For many, pension savings represent one of our most significant assets, second only to our homes. A 2018 study by the insurer Royal London found that the average person needs a...
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Wills, tax, trusts & probate blog

The simple way to make guardianship arrangements for your children

22 Aug, 2018
  Deciding who should take care of your children if you (or others with parental responsibility) are no longer there to look after them can be a difficult decision. ...
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Wills, tax, trusts & probate blog

The Estates Team - here for you come rain or shine

2 Aug, 2018
  At Cripps we have four dedicated Probate Managers and although we typically have the same job description our day to day lives, roles and responsibilities couldn’t be less...
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Wills, tax, trusts & probate blog

Wedding dress (check), invitations (check), caterer (check), Wills (oh!)…

19 Jul, 2018
  For the estimated 230,000 of us set to tie the knot in 2018 (myself included!), producing new Wills is unlikely to feature high up on the wedding-planning agenda. Wait...
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Wills, tax, trusts & probate blog

Happy anniversary!

5 Jul, 2018
You might be surprised to know that there are some remarkable similarities between trusts and marriage. Tax planning – Yes, call me unromantic but trusts and marriage can both...
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Wills, tax, trusts & probate blog

To gift or not to gift...

21 Jun, 2018
by: Cripps
Are you wondering how you can reduce the amount of  inheritance tax (IHT) that will have to be paid on your estate when you die?  Perhaps because you want to maximise the amount...
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Wills, tax, trusts & probate blog

Tax Free Window for Non-Doms?

7 Jun, 2018
  If you are a ‘non-dom’ resident in the UK, you may have a one off opportunity between now and April 2019 to bring money into the UK tax free.  This tax free window may...
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Wills, tax, trusts & probate blog

Family Investment Companies: a trust in corporate clothing?

24 May, 2018
A Family Investment Company is a tax efficient alternative to setting up a family trust. What is a Family Investment Company? A Family Investment Company (FIC) is a UK-resident...
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Wills, tax, trusts & probate blog

Be savvy when leaving to charity…

10 May, 2018
Are you planning to leave something to charity in your Will?  If so, did you know that there is a lower rate of inheritance tax if you leave 10% or more of your net estate to...
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Wills, tax, trusts & probate blog

Planning ahead to stay in control of your medical decisions

26 Apr, 2018
Do you feel strongly about maintaining control over your medical treatment if you later lose the ability to make or communicate decisions for yourself? If so, an...
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Wills, tax, trusts & probate blog

Does your Lasting Power of Attorney limit your attorney’s investment options?

12 Apr, 2018
If you give (donate) someone a power of attorney it means they can make decisions on your behalf if you are unable to make decisions for yourself. There are two types of Lasting...
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Wills, tax, trusts & probate blog

Why ask a solicitor to draft my Will if a Will writing company is cheaper?

28 Mar, 2018
We are often asked this question.  Here are some reasons why, prompted by recent news of a Will Writing company going into administration. Your Will is your chance to say formally...
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Wills, tax, trusts & probate blog

Should I appoint a trust corporation as an executor or trustee of my Will?

8 Mar, 2018
When we help clients to prepare their Wills, one of the most important things we discuss is the choice of executors and trustees.  Most people want friends or family members to...
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