Appointing a Solicitor
Guide to some of the factors people use when appointing a Solicitor...link
New Inheritance Tax Rules planned.
With the conservatives now in office it will not be long until the reforms they promised in their manifest become Law, one of the major headline grabbing promises was to review Inheritance Tax.
Inheritance tax is the tax liability payable to the government when a person dies leaving an estate in excess of £325,000 or when a couple or civil partnership it could be as much as £650,000, any amount in excess of this figure could be liable to 40% tax.
With property prices rising more and more, many estates have become liable to tax, but the logic behind this tax seems unfair, at best; why should people pay tax on savings, assets and investments that have already been liable to tax during the deceased's lifetime?
That being said I don't think the tax will be abolished any time soon, the tax free threshold of £325,000 was introduced six years ago, and is one of the most burdensome of any country, for example the exemption level in America stands at $5,500,000, the reason this is so high is that the tax is very costly to collect, so many countries just focus on the largest of estates.
The change, expected to be made by the new Government, is the introduction of an additional allowance of £175,000 for property per person (£350,000 joint relief); this will take the tax-free threshold to £1,000,000 per couple with property.
A word of caution however - the conservatives did mention five years ago that they would increase the threshold to a million, but they didn't.
If you are concerned about your Will I would recommend regular reviews to keep pace with changes to the law and your own circumstance.
related news
Agricultural Law.
link
Aviation Law Solicitors.
This is a highly specialised area of the Law and covers both aircraft and their facilities as well as many other areas detailed here.
link
Charity Law Solicitors.
As a charity it is important to understand your legal obligations and rights, a Charity Law solicitor swill be able to help with this, find Charity Law Solicitors from Solicitors.com
link
Civil Liberties and Human Rights | Solicitors.com
Solicitors.com - if you are looking to take action under the Human Rights Act, understand your rights and how a solicitor can assist you.
link
Construction and Civil Engineering Law | Solicitors.com
link
Consumer Law, Consumer problems.
We have produced a few guides to help you but would recommend that you speak to a solicitor as all situations are different.
link
Education solicitors | Solicitors.com
link
Property Abroad.
If you are looking to buy a property abroad you will need expert legal advice, this section details services provided, and offers guidance on how to find a solicitor for your needs.
linkrecent articles
Probate Fees
Changes in probate fees.
From May 2017 probate fees are set to d..
Transferring personal allowances.
Transferring personal allowances for Inheritance Tax - understand your rights on IHT planning...link
Tax Law Solicitors | Solicitors.com
Details of the services provided by Tax Law Solicitors...link
Trusts Guide
Many people use a trust to reduce inheritance tax, if you put an..
linkTrusts Guide
Many people use a trust to reduce inheritance tax, if you put an asset into a trust you no longer own it, so depending on when you die your beneficiaries may no..link
Help to buy ISAs
Help to buy ISAs - The new, 'Help to buy', ISA is designed to help first time buyers save for a deposit for their first home, with the inducement of an extra 25..link
Probate Fees
Changes in probate fees.
From May 2017 probate fees are set to dramatically increase.
The new fees are based on the size of the estate and are in addition to..link
Help to buy ISAs
Help to buy ISAs - The new, 'Help to buy', ISA is designed to hel..
linkLasting Power of Attorney
Guide to Lasting Powers of Attorney.- If you are looking to appoint a solicitor to arrange a Power of Attorney this guide can help you understand how they work...link
Protecting your on-line memories
Protecting your on-line memories - In a recent survey over 2,000 people were asked what they think happens to digital images on Facebook if a user passes away,..link
Is there anything wrong with this page? - any amendments will receive accreditation - email us link
Solicitors.com are not a firm of solicitors, and any content on the site should not be used in substitute for obtaining Legal advice from a solicitor regulated in the UK, Solicitors.com recommends that you contact a firm of solicitors to discuss your individual legal requirement. Whilst we strive to bring you accurate up to date content, all content on this site is not legal advice and is not guaranteed to be correct. Use of this site does not create a client relationship.
Information by area of law
Conveyancing Solicitors.
Step by step guide to help you understand the process of Conveyancing and moving.
link.jpg)
Criminal Solicitors.
We have put together a few guidance notes for your help with Criminal law matters, if you require a solicitors please use the search facility or ask a question.
link
Commercial law.
If you are looking for a commercial solicitor understand your options by contacting one of the 100s of commercial law firms on solicitors.com
link
Clinical or Medical Negligence Solicitors
If you are considering making a claim for Medical Negligence understand your rights and the process, find a medial compensation solicitor via solicitors.com.
link
Personal Injury Claims.
If you have suffered an injury and are looking to make an accident claim for compensation, understand how a personal injury Solicitors can help make you injury claim for you.
link
Debt Collection Solicitors.
The amount of money owing may dictate the route you take to reclaim your money, we recommend that you discuss your situation with a solicitor, or you can call the CAB on 08454 04 05 06.
link
Dental Negligence Solicitors
To undertake a dental negligence claim you must have sustained an injury or damage, as a result of the dental treatment understand the options available to you.
link
Family Law Solicitors.
Family Law Solicitors can help you resolve the problems which may arise in the break-up of relationships, including financial issues and matters concerning any children.
link
Motoring Offences Solicitors.
Will be able to assist on all areas of Motoring Law for Example Drink Driving, Dangerous Driving, Careless Driving, Totting Up, Speeding, Driving Without Insurance motor offences.
link
Will & Probate
Find a solicitor that can assist with wills, probate and estate planning in your area.
link