Business in Wills The Legal Services Board (LSB), which oversees the regulation of lawyers in England and Wales, has put forward proposals for the regulation of willwriting. Whether or not to regulate will-writing and estate administration services has long been debated. But the LSB has now reviewed all of the available evidence about the problems suffered by some consumers in these areas. It has conducted... 

Business in Wills If your client is a business owner they will be considering more than the distribution of their personal estate when preparing their Will. They will also be looking to make provision for their business and optimising tax planning opportunities in the process. A frequent question that may be asked by a business owner is “will my business have to be sold when I die?”. The answer... 

From April 6 2012 the government is introducing new IHT legislation in the form of the Finance Bill 2012 that could affect anyone planning to pass a proportion of their estate to charity. Gifts to charity are already exempt from IHT but the new rules mean that the rate of IHT on the rest of the estate can be reduced from 40 per cent to 36 per cent. So, although the charity will receive the same amount,...