A land dispute now in progress between the Blackfoot Tribe in Montana and the US Government shows yet again how making a will is an essential part of financial planning.
Much of the land held by native Americans (formerly known as American Indians) is held in group ownership, a legacy of the days when John Wayne conquered the great plains, and native Americans were not permitted to write a will.
New figures from Aviva reveal why Inheritance Tax (IHT) is one of the most important sources of revenues for the UK taxman.
There are currently £2.5 trillion in assets earmarked by parents as inheritances for their children and relatives, the insurer announced this week.
This staggering sum is held by two-thirds of over-55s covered by an Aviva [...]
Are you one of the 33m* people in the UK who could reduce your personal tax bill? Here are five ways to help you with efficient tax planning.
Twenty-eight million people in the UK currently have no will, according to new data* published this month.
Writing a will is crucial to ensure a smooth process of wealth transfer for your family, and efficient inheritance planning can save you thousands in Inheritance Tax (IHT).
If you have no will in place, you have made no formalised [...]
High earners who will save for their pension under the government’s planned Personal Accounts Scheme may face an Inheritance Tax liability on part of their benefits.Â
Latest details from government have indicated that lump sum death benefits provided under the Personal Accounts Scheme would be subject to Inheritance Tax.Â
This is a major difference to other company pension [...]
HM Revenue and Customs has announced an increase to 3% of the interest charge on all late payments of Inheritance Tax, effective from September 2009.
