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How to discuss estate planning with your parents painlessly

How to discuss estate planning with your parents painlessly

The real reason that you are asking them such personal questions. Five talking points to focus a discussion around estate planning and power of attorney and make it practical not emotional. How to discuss estate planning with your parents painlessly About me and Paget Will Writing Ltd. I qualified as a solicitor in 1993. I worked in private practice for 20 years specialising in different areas of litigation. I ran contested estate disputes and...

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Making a will won’t kill you!

Making a will won’t kill you!

“Making a will won’t kill you!” This is what I said to my Granny, who had a real superstition about it.  She genuinely believed that if she made a will, she would tempt Providence and instantly pass away. We had “the will” conversation at her 92nd birthday party. My mother had baked her one of those cakes in two separate tins shaped as a “9” and a “2”.  We iced it and presented it so that it read “29”, which made my grandmother very...

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What would happen to your children if you die?

What would happen to your children if you die?

Using your Will to safeguard your Minor Children after your death   Few people think about what would happen to their children if they, themselves, die young. It is morbid and can seem as if you are tempting fate.  Most of us feel indestructible between the ages of 20 and 45. There is always something more urgent to spend your money on than having a Will prepared. Typically your salary arrives in your account and goes straight out again to pay...

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Changes to Inheritance Tax – the new Residential Nil Rate Band

Changes to Inheritance Tax – the new Residential Nil Rate Band

The New Residential Nil Rate Band for Inheritance Tax – a Quick Guide David Cameron pledged to raise the inheritance tax threshold to £1 million before the 2010 election. This promise will be delivered by the introduction of the residence nil-rate band (RNRB) which comes into effect in April 2017.  It is a complicated measure with a restricted scope. What is the RNRB? At present, every individual has a nil-rate band, (NRB) of £325,000 for...

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