Executors: What You Need to Know

An important part of writing your Will is appointing an executor or executors. The role of an executor is to sort out your estate when you die in accordance with your Will. They will be responsible not only for distributing your estate but for making sure the right amount of tax is paid. They may…

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Do the new pension reforms make Lasting Powers of Attorney even more important?

Since the Government scrapped the rules compelling people to buy an annuity at retirement twice as many people are choosing drawdown over annuities. This means they will have the responsibility of managing their income in retirement. A recent report from Zurich estimates that more than 345,000 retirees who have chosen income drawdown to fund their…

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Digital Assets and Your Will

When it comes to writing your Will what do you think about? Many people would like to make gifts of money, possessions such a jewellery or cars and their house. Many people do not think about the assets they have that are not tangible. Digital assets can have significant value, whether this be monetary value…

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Privacy Notice

Personal Data In the EU’s General Data Protection Regulation (GDPR), Personal Data is defined as “…any information relating to an identified or identifiable natural person (“data subject”); an identifiable person is one who can be identified, directly or indirectly, in particular by reference to an identifier such as a name, an identification number, location data, online identifier or…

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What is Probate?

What is Probate? In Law we use a number of words and phrases that are not used in every day life. It is easy for us to become complacent about the use of these. At Town & Country Law we work hard to explain ourselves without all the legal jargon, but sometimes it is unavoidable….

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Thinking of leaving a gift to charity in your Will?

Thinking of leaving a gift to charity in your Will? Did you know that the under 55s are more likely to donate to charity than their older counterparts? Barclays have recently conducted a survey that concluded, despite common perceptions, those aged 54 and under donate more to charity. This news should shake up the Charities…

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Will Inheritance Tax Rules change again?

Will Inheritance Tax Rules change again? Earlier this year the Chancellor and the Financial Secretary to the Treasury requested that the Office of Tax Simplification (OTS) review a range of aspects of Inheritance Tax. This will include: *       Process of submitting Inheritance Tax returns and paying any tax *       Rules around…

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Loyalty Points on Death

Loyalty Points on Death We live in a world where Loyalty Scheme and Points are everywhere. You will probably collect points when you do your weekly shop, book a hotel and when you fly. Each scheme is different, however the points you collect can have a significant value attached to them. So, why do we…

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Trustees Responsibilities – Update

Trustees should not have refused to provide information about trust to beneficiaries (High Court) The High Court has criticised trustees who refused to provide information about the trust to its beneficiaries at their request (Lewis v Tamplin & Ors [2018] EWHC 777 Ch). The High Court has criticised trustees who refused to provide information about…

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Why do I need a Funeral Plan?

Why do I need a Funeral Plan?   It’s only natural to put off talking about death, it is a subject that many of us are uncomfortable with. Unfortunately, it is an inevitable part of life and planning ahead is important. By arranging a Funeral Plan during your lifetime you can:   Help relieve the…

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