Which Power of Attorney to Use?
There are three types of Power of Attorney to use: A General Power of Attorney (GPA) A Lasting Power of Attorney (LPA) for Property and Financial Affairs A Lasting Power of Attorney (LPA) for Health and Welfare The difference between a GPA and a LPA is that a GPA is...
The Inheritance Tax Threshold Needs to Be Raised
The Government is pocketing a stealth tax on inheritance by failing to raise the threshold in line with inflation. The threshold has not been index-linked, so in real terms it’s being eroded. In some cases the allowances are only worth a third of their original...
Jointly Owned Property and Inheritance Tax
Joint Property Inheritance Tax: Understanding Ownership and Your Estate You may have heard the phrases ‘joint tenants’ or ‘tenants in common’ in relation to jointly held property. Although both terms contain ‘tenant’, neither...