Wills, trusts and estate planning Archives

What is the Residence Nil Rate Band?
Gallery
What is the Residence Nil Rate Band?

Wills, trusts and estate planning

What is the Residence Nil Rate Band?

woodadmin2018-03-14T10:49:53+00:00March 14th, 2018|Wills, trusts and estate planning|

Inheritance tax (IHT) is charged on your death at the rate of 40% based on the value of your assets. This 40% rate is only charged on any value exceeding the nil rate band. The nil rate band (£325,000 in the tax year 2016-17) is the amount which is chargeable to IHT at the rate of 0%. From 6 April 2017, an additional residence nil rate band (RNRB) applies so that less IHT may be paid when the family home is left to children, grandchildren and some other individuals.

Choosing your LPA attorney

woodadmin2016-08-22T14:11:15+00:00August 19th, 2016|Wills, trusts and estate planning|

Choosing who to appoint as attorney is the most important part in the process of making a Lasting Power of Attorney (LPA). Your attorney will be the person making decisions about your property and financial affairs and/or health and welfare should you become incapacitated. Acting as an attorney is an important role. You should choose [...]

Dealing with Online Accounts and Digital Assets

woodadmin2016-08-22T14:11:37+00:00August 19th, 2016|Wills, trusts and estate planning|

Anyone who owns a digital device or has an online account should have a plan for dealing with that asset, whatever their age. […]

Weddings and wills

woodadmin2013-12-20T11:27:54+00:00November 18th, 2010|Articles / Guides, Wills, trusts and estate planning|

In all the excitement surrounding a marriage or civil partnership ceremony, one of the few issues that is often forgotten is that a will is automatically revoked when someone marries, which means that it is no longer valid. […]

Equity release plans – what to consider?

woodadmin2013-12-20T11:29:01+00:00September 10th, 2010|Articles / Guides, Wills, trusts and estate planning|

If you are approaching or already in retirement and have found that your pensions, savings or shares are not worth as much as you had anticipated, then you may have considered whether an equity release plan could help. […]

Thinking of leaving a legacy?

woodadmin2013-12-20T11:30:02+00:00December 4th, 2009|Articles / Guides, Wills, trusts and estate planning|

Naturally your first consideration in making a will is to take care of your family and friends. […]

The role of the executor

woodadmin2013-12-20T11:31:02+00:00November 27th, 2009|Articles / Guides, Wills, trusts and estate planning|

You have been asked to be someone’s executor, what does this mean? When someone dies, the executor’s job is to deal with the administration of that person’s estate, including ensuring that the terms of the will are carried out. […]