How Long Does Probate Take?
Probate typically takes between 9 and 12 months to complete, though complex cases can take longer.
Probate typically takes between 9 and 12 months to complete, though complex cases can take longer.
Yes, giving money to charity can reduce your inheritance tax (IHT) bill. In the UK, charitable donations are exempt from inheritance tax,
Yes, you can gift money to your children as a way to reduce inheritance tax (IHT), but there are important rules and thresholds to consider.
Inheritance disputes often arise when there is ambiguity in a will, a lack of understanding between family members, or a feeling of unfairness about how an estate is divided.
The “7-year rule” for inheritance refers to a tax rule in the UK that affects inheritance tax (IHT) liability on gifts made by individuals within seven years of their death.
In this article, we explain the different types of inheritance tax thresholds and who is responsible for paying this tax.
Yes, you can put your house in your children’s name or transfer the house to their name to bring down your overall inheritance tax (IHT)
A person’s estate is made up of all the assets they own or were responsible for at the time of their death, including but not limited to property
At a basic level, you can inherit up to £325,000 from your parents completely tax-free, however, this may increase to £500,000 if they leave their primary residence to you
There are a number of items that are exempt from inheritance tax in the UK which revolve mostly around gifting and charitable donations.