Following a record £5.2 billion raised in Inheritance Tax (IHT) in the 2017-18 financial year, the SNP have now called for the reform of IHT, claiming that there are ‘loopholes’ in the current UK system.
New research has highlighted that many British adults are at risk of not having their final wishes respected after their death as they have no Will in place.
Retirees are being urged to ensure they have a Power of Attorney (PoA) in place before they take advantage of recent pension freedoms to manage their retirement savings themselves.
A petition has been launched calling for a change in the law in Scotland to prevent a man found guilty of murdering his mother from being able to act as executor to her estate, reports the Daily Mail.
When a family member or other loved one dies, it can be hard for those closest to them to move on and find any sort of closure, particularly while work is ongoing to settle the deceased’s estate. As a result, a question of common concern to the recently bereaved is; ‘how long will it take to settle the estate?’
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