Month: February 2024
Strategies to minimise Inheritance Act claims
With the increase of blended families, testators are increasingly seeking ways to reduce the risk of a potential claim under the Inheritance (Provision for Family and Dependants) Act 1975 which enables the court to make financial provision out of the estate of a deceased person for his or her family and dependants. Whilst there are... Read more »
Trusts claiming to protect assets from tax and care fees are usually too good to be true
In the last two months alone, I’ve been instructed by four different clients who had ‘property protection trusts’ (also called ‘wealth preservation trusts’, or similar). Each had relied on the advice of non-solicitor advisors to variously save inheritance tax (IHT), probate fees and care fees. In all cases, the legal work was done remotely by... Read more »