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Trusts: An introduction

The comedian Rik Mayall shocked the British public last year after he died suddenly at the age of 56. Almost a year on, the future of his £1.2 million estate has been thrown into doubt after it emerged that he failed to leave a valid will, thereby leaving his assets 'intestate'.

Common problems with wills

For the unprepared, the process of making a will and ensuring it is followed properly can contain many pitfalls. Every step taken must abide by the letter of the law and any diversions can result in an invalid will and the moving of the deceased’s estate into the realm of intestacy law.

Dementia Tax: What Is This?

The Conservative Party Manifesto announcement and subsequent U-Turn on the requirement to pay for social care may have caused many voters to switch their allegiance in the June Election. Although this so-called “#Dementia #tax” is not strictly a tax, paying for social care has become more important than #Inheritance #Tax for many families.

Trusts to save IHT

Trusts have a reputation for being linked to unfair tax avoidance, but they can play a legitimate role in #estate and #inheritance #tax #planning. They can be especially worthwhile for business owners. Could a simple trust help preserve more of your estate for your family?