Friday, 30 January 2009

Do you really want the HMRC trampling round?

I saw some advertising bumf in the local advertiser. A firm was extolling the merits
of a will in terms of avoiding the close attentions of Her Majesty's Revenue and Customs (HMRC) at a time of distress for the family. This will be especially so with the economic downturn, which has damaged the British government's coffers. The Revenue will be working hard to offset the collapse in tax revenues.
www.searchwill.co.uk
For instance, there is Pro-Legal Services Group. The firm can provide advice on pre-paid funeral plans and also protective property trusts, which prevent councils from taking a deceased half-share in the property, if the surviving partner goes into care.
Prolegal Services Group notes that 70 per cent of the UK population does not have a last will and testament. This contrasts with the the government's target that everyone should have one.
The recent changes in the amount of tax free money people can benefit from for UK inheritance purposes does not undermine the attractions of making a will. This allows people to leave money to who they want rather than with a pre-determined formula.
www.searchwill.co.uk

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