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Estate Planning

May 3, 2025
VULNERABLE CLIENT: The Celebrity’s statutory will hearing cannot be published

VULNERABLE CLIENT: The Celebrity’s statutory will hearing cannot be published In W v P (2025 EWCOP 11 T3), the wife of a now-incapacitated celebrity (P) applied to the England and Wales Court of Protection to make a statutory will for him for estate planning purposes. She asked for the associated hearing to be held privately. The judge decided...

April 11, 2025
Non-Dom Regime Abolition: Where Are the Opportunities?

The UK government’s decision to abolish the non-domicile (non-Dom) tax regime marks a significant shift for international individuals living there. This change brings both challenges and new opportunities for those affected. Understanding the implications and exploring strategic solutions is essential to staying ahead. What Is the Non-Dom Regime? The non-Dom regime allowed individuals who are...

February 17, 2025
Understanding Cryptocurrency in Estate Planning

Cryptocurrency is a growing asset class, but many individuals overlook its importance in estate planning. Unlike traditional assets, digital currencies require special considerations to ensure they are accessible and protected after an owner’s passing. Without proper planning, beneficiaries may struggle to recover these valuable assets. Why Cryptocurrency Estate Planning Matters Unlike cash or property, cryptocurrency...

February 10, 2025
Changes to Agricultural and Business Property Reliefs for Inheritance Tax

Inheritance Tax (IHT) can significantly burden families and businesses, but Agricultural Property Relief (APR) and Business Property Relief (BPR) have traditionally helped reduce liabilities. Recent discussions on reforming these reliefs have raised concerns for farmers and business owners. Understanding these changes is essential for effective inheritance tax planning and ensuring tax-efficient asset transfers. Understanding Agricultural...

February 3, 2025
Rising UK Inheritance Tax: What It Means for Estates

The UK government has reported record-high inheritance tax (IHT) receipts, largely due to the continued freeze on thresholds. With property values rising and tax-free allowances unchanged, more families are now facing increased tax liabilities. According to a Euronews report, the total IHT receipts have reached unprecedented levels, raising concerns among taxpayers. Why Are UK Inheritance...

August 17, 2023
Hiring an Accountant for Business Succession Planning

Business succession planning is essential for long-term business growth and continuity. Financial experts understand that involving an accountant can significantly enhance the process.  Financial Analysis:  An accountant can help analyze the company’s financial health, essential for business succession planning. Understanding the company’s financial performance and potential impacts on the succession plan is vital to make...

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CareAccountancyOffices
Leeds: 94 Street Lane, Leeds

Batley: 504B Bradford Road, WF17 5JY

Bradford: 22 Muirhead Drive, Bradford, BD4 0HJ

Birmingham: 9 Sheaf Lane, Coventry Road, Birmingham

London: Suite 2462, Unit 3A,34-35 Hatton Garden,London, EC1N 8DX

OUR LOCATIONSWhere to find us
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GET IN TOUCHCare Accountancy Social Links

 

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