Wills, Probate, Tax & Trusts Legal Articles

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Inheritance Tax gifts shake-up

10 Jul 2019

An independent review by the Office of Tax Simplification (OTS) has concluded that the "seven year rule", a bedrock of UK inheritance tax (IHT) planning whereby assets given away during an individual's lifetime are exempt from IHT if the individual survives for at least seven years, should…

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What is the Difference between a Will and a Probate?

22 Mar 2019

The terminology surrounding the execution of a will can sometimes be quite daunting, especially when you are dealing with the death of a person or relative close to you. At Forbes Solicitors, we understand the information regarding this subject may not be the easiest to process, which is why we have…

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Increase to Probate fees from April 2019

22 Feb 2019

From April 2019 there will be a significant increase in the fees charged by the Probate Registry for processing applications for Grants of Probate and Letters of Administration. At present, probate fees are a flat fee of £215 for applications made by individuals and £155 for applications…

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Why do I need to make a Will?

14 Jan 2019

Recordings in 2018 show that over 60% of people in the UK do not have a valid Will, according to research from Unbiased.co.uk. This is an all-time high (passing the previous peak in 2011) meaning that now over thirty one million UK adults run the risk of dying intestate and having their estate…

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A Question of Trust

13 Nov 2018

People are often confused by Trusts and think that they are just for the very wealthy. In reality, Trusts can be a very useful way of providing for your family and protecting assets. What is a Trust? A Trust is any arrangement whereby someone (the Settlor) gives money or assets (the Trust Fund…

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New SFE report warns of looming incapacity crisis

03 Jul 2018

Leading law firm Forbes Solicitors is urging Lancashire people to consider end of life planning in the wake of a new report from Solicitors for the Elderly ("SFE"), and independent think tank, Centre for Future Studies. " The incapacity crisis: a nation unprepared " reveals the…

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Deathbed gifts

27 Nov 2017

A recent case has highlighted the uncertainty surrounding deathbed gifts, and the importance of seeking legal advice if you or a loved one are considering making a deathbed gift. A deathbed gift is a gift made in contemplation of death, conditional on death. While in some instances these gifts may be…

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STEP and TEP - What are the benefits?

31 Oct 2017

The Society of Trust and Estate Practitioners (STEP), is an organisation devoted to improving public understanding of the issues families face in relation to inheritance and succession planning.  Promoting education and high professional standards among all of its members is vital to STEP. A number…

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In defence of Lasting Powers of Attorney

22 Aug 2017

Last week, a retired senior Court of Protection Judge, Denzil Lush commented that Lasting Powers of Attorney (LPAs) leave vulnerable elderly people open to financial abuse.LPAs are important legal documents, which allow a person to appoint someone (or more than one person) to make decisions on their…

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