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Latest News

Residence Nil Rate Band (RNRB).

A new tax-free allowance was announced in the Summer Budget 2015 (the Residence Nil Rate Band) that will take effect on or after 6th April 2017.  Downsizing provisions have yet to be finalised.

There are a lot of myths and misconceptions surrounding this new allowance - please call or view our website pages (not yet updated) for further information - including:

  • everyone has a new allowance of £1M;
  • everyone can pass their home free of tax to their children

You may not get the full allowance (or double the allowance) if:

  1. your estate exceeds £2M
  2. you rent property
  3. you don't leave your property (or proceeds of sale) to the right qualifying people and in the right manner
  4. you are unmarried

WATCH THIS SPACE!

Enduring Power of Attorney (EPA) vs Lasting Power of Attorney (LPA) & Changes to Intestacy & Chattels

Cornerstone Wills September 2014 Newsletter on the differences between EPAs and LPAs and changes to legislation affecting rules of intestacy and personal chattels

Welcome to our September Newsletter that we email to all our clients and introducers on a monthly basis.

In this newsletter we discuss the differences between Enduring Powers of Attorney and Lasting Powers of Attorney. We also discuss recent changes in legislation to the laws of intestacy and the definition of "chattels"

Click on the link below to view the September Newsletter.