A new report into intergenerational wealth transfer has found that over 11 million people aged between 25-45 in the UK expect to receive some sort of inheritance from their parents or grandparents, with nearly half (5.1 million) of these expecting to inherit at least £50,000 in fixed assets or money.
The Office of Tax Simplification (OTS) has published a call for evidence and an on-line survey to gather information about people’s experience and perceptions of Inheritance Tax.
New research has revealed a lack of awareness amongst cohabiting couples of what their legal rights would be should their partner pass away.
A new report from the Resolution Foundation has revealed millennials are in line to receive the largest and most wide-reaching ‘inheritance boom’ of any post-war generation. However, this won’t come in time to solve their home ownership and wealth inequality woes.
The Law Commission for England and Wales recently conducted a public consultation exercise over reforms to the laws governing will writing in England and Wales.
Charity will campaign Will Aid has highlighted the importance of keeping your will up-to-date to reflect any changes in personal circumstances.
The Law Society of England and Wales has welcomed the launch of a public consultation exercise by the Law Commission over proposed reforms to the laws relating to will-writing.
Charity consortium Remember A Charity has called on the UK Government to do more to encourage legacy giving by making the cost of writing a will containing a charitable bequest exempt from VAT.
The divorce of celebrity couple Johnny Depp and Amber Heard has now been finalised in a Los Angeles court, various media outlets have reported.
A German man, who had been held as a Prisoner of War (PoW) in Scotland, has left a generous bequest to the Scottish village where he was detained, reports the BBC.
A recent study from Canada has given an interesting insight into the older generation’s views on spending all their money verses leaving an inheritance for their children.
New research by Saga Investment Services has revealed that a growing number of over-50s are planning to hold back savings in their pension to pass on their wealth tax-efficiently.
New research has revealed that the proportion of new retirees who know they will be able to leave an inheritance to their loved ones has fallen to its lowest level in six years.
Recent statistics from Scotland’s Chief Statistician have revealed that the number of civil law cases initiated in Scottish courts has fallen to its lowest since current statistics began in 2008-09.
A new platform to help consumers and traders solve online disputes over a purchase made online has been launched by the European Commission.
The recent opening of Scotland’s Civil Sheriff Appeal Court has marked the next step in the biggest modernisation of Scotland’s courts in a century.
Housing Minister Margaret Burgess has reassured landlords that anti-social behaviour by tenants will be grounds for eviction under the new Private Tenancies Bill.
The Scottish Government has published its Private Housing (Tenancies) (Scotland) Bill, which it says will ensure tenants have more security, stability and predictability when privately renting a home in Scotland.
Tuesday 22nd September marked the start of the new legal year and also saw the official launch of the new All-Scotland Sheriff Personal Injury Court and the Sheriff Appeal Court.
Earlier this month, the First Minister outlined the Scottish Government’s plans for the final year of this parliamentary term.
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