In our previous article, Preparing for the Autumn Budget: Possible Changes to Inheritance Tax and What They Mean for our client and our Associates. We explored potential shifts in the UK tax landscape, particularly around Inheritance Tax (IHT). Anticipating the government’s need to tackle a substantial fiscal shortfall which was referred to as a ‘blackhole’, […]
Estate Planning
By Katie Hanson, Legal Services Director, Prestige Legal Services As we approach the upcoming Budget announcement on 30 October, there is significant anticipation surrounding potential changes to the UK’s tax regime, including Inheritance Tax (IHT). For our associates, who provide estate planning services and Will drafting support, it is essential to stay informed about these […]
By Katie Hanson, Legal Services Director, Prestige Legal Services Will writing is a fundamental aspect of estate planning, and our associates play a crucial role in guiding clients through this important process. Adhering to best practices not only ensures that Wills are legally sound and reflect clients’ wishes, but it also protects against […]
At Prestige Legal Services, we understand the complexities surrounding Marriage and Wills. Life events such as marriage can significantly impact Wills. It’s crucial to be aware of these changes to ensure your wishes are honoured. In this article, we explore the effects of Marriage and Wills, the concept of revocation, and the importance of estate […]
Trusts are a fundamental component of estate planning, with a rich history rooted in the feudal system of medieval England. Originally designed to ensure that property was handled according to the wishes of the landowner, trusts today are sophisticated tools used to manage assets, protect wealth, and plan for future generations. At Prestige Legal Services, […]
Here at Prestige Legal Services, we are committed to providing our clients with the highest quality legal advice and support. In this article we’ll touch upon circumstances where disputes might arise and why it’s important to choose a partner who can help prevent circumstances where disputes might arise. Wills are intended to provide clarity and certainty regarding […]
Navigating Divorce and Estate Planning in England and Wales Typically, no one goes into a marriage with the expectation of getting divorced but according to a number of Family Law firms online, 50% of marriages end up in divorce, and this is likely to have profound implications. Its impact often extends to various aspects of […]
Here at Prestige Legal Services, we want to bring to your attention the recent change in statutory legacy gifting, which took effect from Wednesday, 26th July. This change has significant implications for many families in the future and serves as a crucial reminder of why having a Will in place is essential. Understanding Statutory Legacy: […]
Inheritance Tax (IHT) planning is a crucial aspect of estate planning that demands careful attention and consideration. Residents of England and Wales should be aware of its implications to ensure their assets are protected and their loved ones are not burdened with unnecessary tax liabilities. In this article, we will explore the fundamental aspects of […]
A recent legal dispute highlighted by the Daily Mail underscores the potential hazards associated with transferring property to one’s children. In this particular case, an 82-year-old grandmother who we will call ‘A’ found herself forcibly removed from her cherished £1.4 million home of four decades following a bitter court battle with her daughter, ‘B’. The […]