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MidHantsWills




Estate Planning for couples with an Estate value less than £650k (2 x Nil Rate Band)
Most family homes are held as joint tenants meaning each person owns the property jointly. So a typical basic mirror Will leaves...
Anthony Spencer-Smith
Feb 9, 20222 min read


Inheritance Tax and the Residence Nil Rate Band
What is inheritance tax? If your estate is worth more than £325.000 (Nil Rate Band for a single individual) or £650,000 (Nil Rate Band...
Anthony Spencer-Smith
Feb 2, 20225 min read


Estate Planning for couples with an Estate value greater than £650k (2 x Nil Rate Band)
Most family homes are held as joint tenants meaning each person owns the property jointly. So a typical basic mirror Will leaves...
Anthony Spencer-Smith
Jan 24, 20223 min read


HAVE YOU HEARD OF A LIFETIME TRUST?
A Lifetime Trust enables you to protect your property or assets whilst you are alive. Another name for these types of Trusts is an Asset...
Anthony Spencer-Smith
Jan 24, 20222 min read


Flexible Life Interest Trusts
(FLITs) are sometimes described as “the ideal modern family trust.” The reason for this is because it allows a person to benefit...
Anthony Spencer-Smith
Jan 20, 20224 min read


Inheritance tax planning and tax-free gifts
Can I give money away to avoid inheritance tax? If your estate is worth more than £325,000 (or £650,000 for married couples and civil...
Anthony Spencer-Smith
Dec 6, 20216 min read


Gifts out of income
It is surprising that one of the most valuable exemptions from Inheritance Tax (IHT) is also one of the most underused. The normal...
Anthony Spencer-Smith
Nov 27, 20213 min read


Understanding the Residence Nil Rate Band (RNRB)
RNRB came into effect in April 2017 and could enable you to leave up to £1 million to your children free of Inheritance Tax (“IHT”)...
Anthony Spencer-Smith
Nov 19, 20213 min read


Estate Planning below £650k
Legacy planning for: - Couples with total estate value below 2NRB (below £650,000). Basic mirror wills leave everything to the surviving...
Anthony Spencer-Smith
Oct 22, 20213 min read


What is a Discretionary Trust
A discretionary trust is a type of trust where the trustees are given complete discretion to pay or apply the income or capital of the...
Anthony Spencer-Smith
Oct 22, 20213 min read
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