Mind At Rest Wills Blog

blog pen

Multiple Trusts and IHT Planning

Inheritance Tax Image
Back in June last year we published an article about the HMRC planned changes to IHT taxation of trusts

The original consultation paper on this subject was published by the Treasury in 2013 and planned to put legislation in force to deter inheritance tax (IHT) mitigation through the use of multiple Pilot Trusts.

General Power of Attorney Explained

Wills FAQ Book
A General Power of Attorney is a legal document that allows an individual known as the ‘Donor’ to authorise someone else known as the ‘Attorney’ to act on the Donors behalf with regard to their property and affairs.

A General Power of Attorney automatically ends if the Donor dies or loses the mental capacity to make decision for themselves.

Let your Care and Love of Dogs Live on

Today we are pleased to welcome guest contributor Katrina Emerson from Dogs Trust, who talks to us about how to ensure the care and love of your dogs continues after you have passed away.

canine care card

Mind At Rest Wills Launch Online Will Service

For Release 15/07/2015Mind at Rest Wills Online Wills Service

Mind at Rest Wills New Online Wills Service - Press Release

Ipswich — 15/07/2015 — Today, Mind at Rest Wills are very pleased to announce the immediate availability of its new Make a Will Online Service which allows people with the need for a Basic Will to create and download their legal Last Will & Testament Documents (Valid in England & Wales) online in minutes.

Does Getting Married Invalidate My Will?

marriage and making a Will
Whether you have already made your Will or are planning to make a Will for the first time, when it comes to getting Married few people are aware that in England and Wales the act of Marriage automatically revokes a Last Will & Testament made prior to the Marriage.

In England & Wales the only exception to this rule is if the Will has been written before the Marriage occurs containing a specific clause that covers the contemplation of your upcoming Marriage.

Professional Executors versus Non-Professional Executors in a Will

Wills FAQ Book

The role of an Executor of a Will is to carry out the instructions and wishes written in a deceased persons Will.

The role of a Trustee is to take care of the managing of any funds from the deceased Estate that were not to be distributed immediately, for example monies held Upon Trust.

How to Register a Death in England & Wales

 Coffin Question Mark
When someone dies in England or Wales the death must be registered with the Registrar of Births and Deaths.

If the persons death has been referred to the coroner you will not be able to resister their death until the registrar has received the coroner’s
permission to do so.

Can a UK Will Cover Overseas Properties?

 Property Trust

One of the questions I am often asked by clients is, can a Will made in the UK cover properties they own Overseas / Abroad?

Until now I have always advised clients to make a separate Will in the country their property is located. This is because different countries have different succession laws often known as Forced Heirs Rules.

So the correct Estate Planning advice has always been to make a Will that contains the correct wording, layout and language for the country the property is located in.

Making A Lasting Power of Attorney

Wills FAQ Book
A lasting power of attorney (LPA) is a legal document that allows you the 'Donor' to nominate someone you trust as an 'Attorney' who will have the power to make decisions on your behalf if you lose the mental capacity to make decisions for yourself in the future.

Types of Lasting Power of Attorney

There are two different types of Lasting Power of Attorney (LPA).

Inheritance Tax Update 2015

Inheritance Tax Image

Death and Taxes

With the General Election just around the corner and the various parties election campaigns now in full swing, one of the topics that keeps cropping up is that of Inheritance Tax and proposed changes to it.

Currently Inheritance Tax is charged on a persons estate at the rate of 40% on anything above the personal exemption threshold of £325,000.

Pages

Subscribe to RSS - blogs