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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

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News

Welcome to the news section

Look through the news below:

DIY Wills DIY Wills 1st February 2016
Residential Nil Rate Band Residential Nil Rate Band 1st October 2015
Pension Update Pension Update 6th May 2015
Issues for dementia sufferers with joint assets (home, bank accounts and investments) Issues for dementia sufferers with joint assets (home, bank accounts and investments) 1st March 2015
Business Owners - Wills and LPAs Business Owners - Wills and LPAs 1st February 2015
New Year's Resolutions New Year's Resolutions 5th January 2015
What should you do with your existing Wills with the Nil Rate Band Discretionary Trust & Common Myths with Wills What should you do with your existing Wills with the Nil Rate Band Discretionary Trust & Common Myths with Wills 1st December 2014
Dementia Friends, Membership of Symponia and Long Term Care Dementia Friends, Membership of Symponia and Long Term Care 1st October 2014
Enduring Power of Attorney (EPA) vs Lasting Power of Attorney (LPA) & Changes to Intestacy & Chattels Enduring Power of Attorney (EPA) vs Lasting Power of Attorney (LPA) & Changes to Intestacy & Chattels 1st September 2014
Current Intestacy Laws & The role of a Guardian and Trustee Current Intestacy Laws & The role of a Guardian and Trustee 1st May 2014
Spring Budget News & The STEP Code for Will Preparation in England and Wales Spring Budget News & The STEP Code for Will Preparation in England and Wales 1st April 2014
Don’t get rid of your old NRB Trust Wills in favour of simplicity & Quiz on Wills, LPAs and Probate Don’t get rid of your old NRB Trust Wills in favour of simplicity & Quiz on Wills, LPAs and Probate 1st March 2014
Flexible Life Interest Trusts – The perfect modern Will? & Shari`a Wills Flexible Life Interest Trusts – The perfect modern Will? & Shari`a Wills 1st February 2014
What happens to your life cover when you die and how our Family Trust can help to protect it? What happens to your life cover when you die and how our Family Trust can help to protect it? 1st January 2014
Help for Unmarried/Un-Civil Partnered Couples Help for Unmarried/Un-Civil Partnered Couples 1st December 2013
What happens to your pension savings when you die and how our Family Trust can help to protect it What happens to your pension savings when you die and how our Family Trust can help to protect it 1st November 2013
Proposed government changes to the cost of Long Term Care Proposed government changes to the cost of Long Term Care 1st October 2013
Digital Legacies Digital Legacies 1st September 2013
Inheritance Tax Exemptions & Reliefs Inheritance Tax Exemptions & Reliefs 1st July 2013
Lasting Power  of Attorney & Business owners - What about Wills and LPAs? Lasting Power of Attorney & Business owners - What about Wills and LPAs? 1st June 2013
Making & Reviewing a Will & Property Preservation Trusts - the possible pitfalls Making & Reviewing a Will & Property Preservation Trusts - the possible pitfalls 1st May 2013
Your Tax-Free Allowance, Spouse exemption for non-domiciled individuals & The closure of 'contrived' IHT avoidance schemes Your Tax-Free Allowance, Spouse exemption for non-domiciled individuals & The closure of 'contrived' IHT avoidance schemes 1st April 2013
Our New Newsletter Our New Newsletter 1st March 2013
Plans to cap long-term care costs Plans to cap long-term care costs 10th February 2013
New Cornerstone Wills Website Launched New Cornerstone Wills Website Launched 21st January 2013