Remember a Charity Week
In September, Will Power participated in Remember a Charity week to help start conversations about charitable bequests and the importance of Will-writing. It is an annual celebration of the impact and importance of gifts in Wills. Throughout the Week, over 800 professional advisers across the UK were brought together, alongside charities and government, to inspire […]
Complex probate case saving £100k Inheritance Tax
Will Power often faces a complex probate case requiring careful and expert resolution. The case of the estate of Mrs P is one of the more “interesting” and challenging instructions we’ve handled. The challenges The biggest challenge was to provide evidence of the marriage and death of Mrs P’s husband, as a successful claim of […]
King Charles’s coronation what’s happening?
King Charles III’s coronation ceremony will take place at Westminster Abbey on Saturday, May 6 2023, starting at 11 am. The celebrations will take place over three days, including a special bank holiday on Monday, 8 May. A coronation concert will occur at Windsor Castle, with street parties organised nationwide. There will also be a […]
Less bureaucracy and faster probate for executors and beneficiaries: Excepted Estates
Suppose you are an executor or beneficiary struggling with probate. In that case, you’ll want to know that there may no longer be a need to make specific reporting to HMRC if an estate meets the ‘Excepted Estates’ Rules. Excepted Estates Revised ‘Excepted Estates’ rules mean executors may not be required to submit certain Inheritance […]
Powerless without Health and Welfare LPA against hospital’s unsafe decisions
The terrible experience of one of our clients at the hands of a hospital team demonstrates why a Health and Welfare LPA (Lasting Power of Attorney) would have saved her husband from unnecessary suffering. Helpless without Health and Welfare LPA Mrs C came to Will Power after the death of her husband to discuss probate […]
Older than your partner? You need to write a Will. Now. Holly Mead Deputy Money Editor The Times
In a recent article in The Times, entitled Older than your partner? You need to write a Will. Now. Holly Mead, Deputy Money Editor, outlines why she and her husband have recently decided why it is so important to write a Will. Why don’t people write a Will? In the article, Holly Mead explains why only about half […]
How to make a Will | Download free guide
Download our free How to Make A Will Guide. Everyone knows what a Will is – most people agree that they need one – but not everyone knows precisely why you need to write a Will or even how to write one. Many people wrongly assume that all their property and money will automatically pass to […]
Trust Registration Service | Register with HMRC’s TRS
The Money Laundering and Terrorist Financing (Amendment) Regulations 2019 came into effect in January 2020. These new regulations altered how Trusts are registered with HMRC via the Trust Registration Service (TRS). New legislation means you may be obliged to register your Trust irrespective of whether a tax liability is incurred IMPORTANT UPDATE TO TRUSTEE REGISTRATION […]
Setting up a Trust Will: Protecting Vulnerable Beneficiaries
Why consider setting up a Trust Will? Deciding how you would like your property, money, and possessions distributed after your death can be challenging, especially if you need to consider protecting vulnerable beneficiaries. There is a way you can put in place flexible arrangements in your Will which apply after your death regarding the timing […]
