Double Taxation
In a previous article, you discussed people with estates in different countries. You mentioned double taxation. What is double taxation and how can I avoid it?
Probate is Not Expensive
I have a quick question.
Can I sell the deceased’s home before receiving a grant of probate?
Do your debts die with you?
Dear Ade, Do your debts die with you, or do your debts have to be paid after your death? Thanks, Roger Dear Roger, Thank you for your missive. Your question marks you as someone who is not a regular reader of this publication. Your query puts me in mind of the...
What’s the Statutory Legacy?
I’ve read in the papers that the statutory legacy is being increased to £322,000. What is the statutory legacy and how would the increase affect me? To start at the end, the statutory legacy, increase or no, would only affect the unfortunate, a class from which you’ve...
Abolition of Inheritance Tax
Dear Ade, Have you seen the campaign in the Telegraph on abolition of the hated inheritance tax. Do you think the government would abolish inheritance tax – might an electoral surprise be in the works? Regards, Jonathan. Dear Jonathan, Enlightened fellow that you are,...
Inheriting ISA
The individual savings account, as you know, is merely a wrapper that could shield investments in stocks and shares on the one hand, and cash on the other, from tax. Many say that the average person does not earn enough from such investments as to be liable to tax on...
PET and Debt
If I were to gift, say, £50,000 to one of my daughters who, finding she has no immediate use for the money, wishes to lend it back to me, repayable on demand, and at a reasonable rate of interest, would that £50,000…
What does Probate Cost
Many ask what probate costs. I doubt you’ve heard of this John Curry. No matter. Curry, a financial adviser in parts far away was once asked his mission – his retort, swift as a dart, was: ‘teaching, preaching and persuading’. It is in this…
No Malarkey – Extra
The year’s almost half gone, but I can only respond to a query when it’s made, so here goes: what were the changes to wills and probate laws in 2022? Video Will Witnessing—you might remember this was some to do brought about by the pandemic—the government...