Where there is a will… …there is peace of mind. If you do not have a will written, perhaps now is the time to decide what you would like done with your money and assets upon your death. Many of us shy away from thinking about our passing, however it is an important topic to address and discuss with our [...]
Inheritance tax - What is it and who pays it? Definition: Inheritance Tax: a tax on the estate, normally property, money and possessions, of someone who has died. Also known as IHT. The standard Inheritance Tax rate is 40%. It’s only charged on the part of your estate that’s above the threshold. Who pays: We are all allowed to leave [...]
Teacher Stern welcomes new additions to the private client team New additions to the Teacher Stern team bolster the Private Client offering and ensures the Firm continues to deliver client-centric results. Teacher Stern would like to welcome Emma Myers and Robyn Dann to the team. Emma will head up the Private Client department as Partner and will work closely with [...]
A Will is one of the most important documents you will ever sign, primarily because it ensures that your assets pass to your chosen beneficiaries. Making a Will, or updating an existing Will, is therefore essential, but even more so if you are separated or are in the process of divorcing. When divorcing, your estranged spouse will still be entitled [...]
Over 1 million investors have chosen to invest their pensions via a SIPP and the sums currently held in SIPPS runs into billions of pounds. Inevitably, with such enormous sums involved, the advice on investing in SIPPs and the performance of the SIPP providers themselves has become an increasingly important area which is being scrutinised by disgruntled investors. If a [...]
You will have no doubt seen the recent media coverage regarding the Government’s proposed changes to probate fees. Despite widespread opposition, the Government has confirmed its plans to go ahead with these sometime in May 2017, although an exact date has yet to be announced. A Grant of Probate (or a Grant of Letters of Administration if there is no [...]
What are the changes? The Government is consulting on changes which will mean that non-domiciles can no longer escape a UK IHT charge on UK residential property by owning it through an offshore vehicle such as a company or trust. The period for consultation runs until 20 October 2016 and the changes will come into effect from 6 April 2017. [...]
Teacher Stern has been ranked in the 2015 edition of The Legal 500; the leading guide to law firms in the UK. Teacher Stern received rankings in Commercial Litigation, Property Finance & Sport.