Family Changes Trust Rules on Inheritance
A wealthy family has changed the inheritance rules linked to the estate that has been in the family for generations, to ensure that the same-sex partner of any gay descendants will be entitled to a life-interest in the property, reports the Daily Mail. Trumpington Hall was acquired by the Pembertons in 1675, and in 1965 […]
Inheritance Plans Affected by Family Financial Support
New research has revealed that the proportion of new retirees who know they will be able to leave an inheritance to their loved ones has fallen to its lowest level in six years. The annual study by Prudential found that despite changes in recent years to rules around inheritance tax and passing on pension pots, […]
IFS Chiefs Proposes Inheritance Tax Overhau
The head of one of the leading think tanks in the UK has stated that the government should consider overhauling inheritance tax and how the system works in the UK. Director of the Institute for Fiscal Studies (IFS), Paul Johnson, stated that the current system of inheritance tax was deeply unpopular with the vast majority […]
