Why family estate planning matters When it comes to protecting your wealth and ensuring your loved ones are looked after, family estate planning is essential. Whether through wills, trusts, or a combination of both, it provides peace of mind that your assets will be distributed according to your wishes while minimising complications for your family....
Inheritance tax 2025 remains a significant concern for many families in the UK. It is a tax on the estate (property, money, and possessions) of someone who has passed away. As property values continue to rise, more estates are being caught in the inheritance tax net. Knowing the rules and exemptions can help families plan...
The application fee for lasting powers of attorney (LPAs) in England and Wales will increase from GBP82 to GBP92 from 17 November 2025, subject to parliamentary approval. The new fee is to ensure that income from LPA applications better meets the delivery cost, in line with HM Treasury’s Managing Public Money guidance. Disclaimer The information on...
HMRC is writing to taxpayers who ceased to be UK-resident for a short period of time, urging them to ensure they have declared all of their income and gains on their return to the UK. Special rules apply to prevent individuals avoiding UK tax by leaving the UK for a period of five years or...
HMRC has lost its attempt to tax the pension of a retired employee who transferred his pension fund into a self-invested personal pension (SIPP) and then moved to Portugal, where withdrawals from the SIPP were tax-free under the country’s non-habitual resident exemption (Masters v HMRC, 2025 UKFTT 967 TC). Disclaimer The information on this Blog is for...
When Trust Was Broken: False LPA Witnessing Estate planning relies heavily on trust and legal integrity. A recent case of false LPA witnessing shattered that trust when an estate planner falsely claimed to witness signatures on a Lasting Power of Attorney (LPA). This misconduct has led to a professional ban, highlighting the grave consequences of...
Fiduciary’s dishonest profits are held in trust for beneficiary, says UKSC Profit received by a trustee or other fiduciary resulting from breach of trust or fiduciary duty is held by the fiduciary in a true trust for the benefit of the beneficiary or principal, the UK Supreme Court (UKSC) has decided (Stevens v Hotel Portfolio II, 2025...
Understanding Adverse Possession in Estate Contexts Adverse possession is a legal doctrine allowing someone to claim ownership of land under certain conditions if they’ve occupied it without permission. In the estate administration landscape, this concept becomes particularly complex, as seen in the High Court case of Nazir v Begum [2023]. This case clarifies the interaction...
The Financial Conduct Authority (FCA) has agreed to drop its ban on the sale of crypto exchange-traded notes (cETNs) to retail consumers, provided they are sold on an FCA-approved UK-based investment exchange subject to financial promotion rules. The cETNs, which are debt instruments offering price exposure to crypto-assets such as Bitcoin and Ether, will not...
Jenny Halliwell has been ordered to pay £ 670,000 in indemnity costs to her ex-husband, Simon Entwistle, due to the deliberate non-disclosure of her assets in their financial remedy dispute. Part of the sum is repayment of GBP 75,000 costs awarded against Entwistle by the England and Wales High Court (Helliwell v Entwistle, 2025 EWCA Civ 1071)....
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Copyright by CareAccountancy. All rights reserved.
