Will writers forever!! To get access to assets of a deceased person it is helpful to have a grant of probate. For this you need a will. Without one what is needed is a "grant of letters of administration" or a
grant of confirmation in Scotland.
The inheritance tax threshold is £300,000 and the British tax agency HMRC says that over 80 pct of estates do not face the tax.
Monday, 14 April 2008
Wednesday, 2 April 2008
New inheritance tax rules!!
There is talk that will writers are currently suffering because people have decided
that they do not need a will due to the increased allowance for inheritance tax in
the United Kingdom. Given the mess caused by dying intestate, whatever the inheritance tax level, you still need a will. The inheritance tax threshold is now
£600,000 and was raised by Labour Chancellor Alistair Darling to counter a proposal from the Tories.
that they do not need a will due to the increased allowance for inheritance tax in
the United Kingdom. Given the mess caused by dying intestate, whatever the inheritance tax level, you still need a will. The inheritance tax threshold is now
£600,000 and was raised by Labour Chancellor Alistair Darling to counter a proposal from the Tories.
Labels:
Alistair Darling,
inheritance tax,
intestate
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