How to Minimise Inheritance Tax on your Estate

Without sound estate planning, inheritance tax (“IHT”) can cost your heirs a fortune. Although IHT can be a complicated web to tackle, there are several simple ways to minimise or legally avoid paying IHT. At Hello Estate Planning we can help. What is inheritance tax? IHT is a tax on the estate of someone who […]

Creating Generational Wealth with Trusts: How to get started

Building generational wealth not only protects your legacy, it also gives your family more freedom and security in life. If you want to protect your family from financial burden, or simply want to give them the option to pursue a more fulfilling life, consider building generational wealth with trusts. To maximise the benefits of a […]

Giving Cash Gifts: How much can you gift in your lifetime

In the UK, rising levels of generational wealth over recent decades have paved the way for inheritances, gifts (wealth transfers made during the donor’s lifetime), or loans. Consequently, it’s important to understand the impact of giving gifts during your lifetime. Whether you’re choosing to offer financial gifts to your loved ones or simply want to […]

The critical role of mental capacity in wills and estate planning

Leaving a Will is not as simple as it may seem. There are several complex elements, legal requirements, and tests that must be met. Consider this: Even after death, a will’s validity can be contested in court on grounds of mental capacity. If you’d like to leave or alter a Will, but are concerned about […]

Inheritance planning: How to take advantage of the Residence Nil Rate Band (RNRB)

How to take advantage of the Residence Nil Rate Band RNRB

Inheritance tax (IHT) is due on death estates and certain lifetime transfers of assets. Some homeowners and taxpayers may be surprised to learn that, over a certain estate valuation threshold, inheritance tax will be due on their death estate. However, there are certain IHT reliefs, such as the Residence Nil Rate Band (RNRB), that you […]

The Impact of Marriage and Divorce on your Will

HEP The Impact of Marriage and Divorce on your Will

Whether you’re tying the knot or preparing for a divorce, there are certain impacts on your Will, potentially impacting how your trust is distributed after your death. In this article, we’ll discuss several key points to consider. If you want to learn more about how a marriage or divorce impacts your Will before a significant […]

What Happens to your Social Media Accounts When You Die?

“People should leave clear instructions about what should happen to their social media, computer games and other online accounts after their death, according to the law society” – The Law Society (UK) As social media is becoming an increasingly important part of our daily lives, it is becoming increasingly important to include social media in our […]

Are Living Trusts and Living Wills important and who should have them?

Very important additions to your Estate Plan are Living Wills and Trusts. Here we look at what these agreements are and why you should consider including them in your Estate Plan, sooner rather than later. What is a Living Will? A Living Will is a legally binding document, in England and Wales, that contains details […]