Consider gifts! Inheritance Tax can be a significant consideration, with everything over any above the threshold being subject to taxation at 40%. In order to mitigate this and help reduce the level of tax payable, it is worth considering the rules around gifting. Each individual has an annual gift allowance of £3,000 a year. Larger …
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Will – Inheritance Tax Part 5 of 5
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Will – Inheritance Tax Part 5 of 5
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Will – Keep it up to date Part 4 of 5
Keep it up to date! Making a will is one thing but keeping it up to date and in line with your current situation is another. As a local firm in Horsforth we understand our local community take the time to know your specific circumstances. There are several instances that may result in a need …
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Will – Be aware of the rules Part 3 of 5
Be aware of the rules! For it to be valid, a will must be in writing and you must sign it the presence of two independent witnesses, who must also sign the document. It is important to note that any beneficiary of the will cannot act as a witness. Another important consideration here is mental …
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Will – Make decisions carefully Part 2 of 5
Make decisions carefully! For some individuals and couples, the decision regarding who will inherit their estate is fairly straightforward. However, with second and subsequent marriages now commonplace, family relationships can often be more complicated! As a local firm in Horsforth we understand our local community take the time to know your specific circumstances. Contested wills …
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Considerations when making a Will – Part 1 of 5
There are times in your life when you need to make legal provisions for yourself and your family and Norton Connor Solicitors’ Private Client Department is perfectly placed to help. If someone dies without a valid will in place, it falls to the rules of intestacy to decide how the contents of an estate are …
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There are several times in life when you need a good local legal firm you can trust and rely on!
There are times in your life when you need to make legal provisions for yourself and your family and Norton Connor Solicitors’ Private Client Department is perfectly placed to help. The team led by Andrew Norton, a Chartered Fellow of the Institute of Legal Executives with over 15 years expertise in providing a personal service …
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So, why is it important to ensure you and your loved ones have a valid will in place?
We have seen an increasing number of enquiries in relation to Wills and Lasting Powers of Attorney over recent weeks. So, why is it important to ensure you and your loved ones have a valid will in place? Without having a Will in place by the time you die, there are certain rules, known as [...] More →