You can set up a Trust either whilst you are alive or as at the date of death by including the finer details in your Will. Why would you consider doing this? Because a Trust will solve a multitude of…
Say a married couple in their 70?s have total assets of ?850k less the double Nil Rate Band for IHT allowance of ?650k leaving therefore ?200k liable to IHT, the 40% charge would therefore be ?80k at time of second…
The new Care Act 2014 has arrived, it is now law and replaces the old CRAG rules (Charging for Residential Accommodation Guide) and there seems to be more than speculation that Local Authorities have not been trained in its implementation.…