Inheritance Disputes
With 1 in 3 people relying on an inheritance, disputes over inheritance arrangements can often occur following the death of a family member. Inheritance disputes can be a difficult time for families, with emotions running high following the passing of a family member. People are often grieving, or angry about a situation which they feel is unfair.
Living Wills
Living Will is a term that is used to describe documents that give medical staff information about a patients treatment preferences at the end of their life. In truth the documents could be a Living Will, and Advance Decision or Directive or a DNR (do not resuscitate) document. They all achieve similar ends but are subtly different.
Islamic Wills
In countries where the intestate succession law is different from Islamic law it becomes absolutely necessary to write a Will. England and Wales is one such jurisdiction. It is however relatively straightforward to write a Will that complies with Islamic law and ensure that your estate is distributed correctly according to the rules laid down in the Qur’an.
Lifetime gifting for efficient inheritance tax planning
This post is discussing lifetime gifting, giving things away whilst you’re still alive. Making gifts during your lifetime is a really good way of planning for inheritance tax.
Each year you can give away up to £3,000 free of any inheritance tax liability. In the first year, you make gifts you can give away £6,000.