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So far philmilty has created 16 blog entries.

Your Rights as a Cohabiting couple

This is an article that I have reproduced from The Society of Will Writers (cohabiting-couples-rights-under-law) about your legal rights as a cohabiting rather than legally joined couple (e.g. marriage, civil partnership). It is fair to say that in the UK, family situations are becoming incredibly more complex and there are more than 6 million cohabiting couples in [...]

By | 2017-05-19T16:12:58+00:00 March 1st, 2016|Uncategorized|0 Comments

What does an Executor do ?

The executor of the Will is the person who has to sort your estate out when you've died. Sounds quite straightforward until you realise some of the things that they have to do. In no particular order: finding all the financial documentation belonging to the person who die sending a copy of the death certificate to the [...]

By | 2017-05-19T16:12:58+00:00 December 1st, 2015|Wills|0 Comments

Who Will Care After I’m Gone?

Fitzroy.org recently published a disturbing article about the worries and concerns of Carers. It focussed on the very real issues of what happens to their cared for persons after they have gone. Some even suggesting that they secretly hoped that their cared for person died before they did. Although much of the article is outside of [...]

By | 2017-05-19T16:12:58+00:00 November 23rd, 2015|Money Stuff, Wills|0 Comments

DIY Wills

I thought I’d give you a few facts and figures about Wills especially DIY Wills. Let me say from the beginning that if a DIY Will is written correctly with all the issues considered and covered then it will much cheaper than getting a Will done professionally. However, how many people actually do know enough [...]

By | 2017-05-19T16:12:58+00:00 September 1st, 2015|Wills|0 Comments

Ilott v Mitson – Will this affect future claims?

This week, I have reproduced an article written by the Society of Will Writers.  It explains in detail what happened and the likely consequences of disinheriting your child / children. The case of Ilott v Mitson is one which, by now, you will be most familiar with. The recent Court of Appeal ruling received huge [...]

By | 2017-05-19T16:12:58+00:00 August 18th, 2015|Wills|0 Comments

Disabled Discretionary Trusts

This is a relatively new trust which was created under the Finance Act 2013. It is aimed at protecting individuals classed as having a severe disability from directly receiving an inheritance and the subsequent negative impact on their benefits. It is a discretionary trust so there must be two or more beneficiaries as a starter. [...]

By | 2017-05-19T16:12:58+00:00 August 10th, 2015|Money Stuff, Wills|0 Comments

Inheritance Tax and the Budget

Well George did as was widely expected, increased Inheritance Tax (IHT) to £1 million threshold for married couples and civil partners. Let’s see what I got right and how it affects you. Firstly, none of this kicks in until April 2017. Got that date right! However, we don’t get the full £500,000 allowance until 2020 [...]

By | 2017-05-19T16:12:58+00:00 July 13th, 2015|Money Stuff|0 Comments

Possible increase to Inheritance Tax Allowance

Well the well leaked rumour and gossip about George Osborne increasing inheritance Tax to £1 million in tomorrow’s budget is going to be great for virtually all of us. Right? Probably not. Currently a married couple (or civil partnership) have a maximum tax free allowance of £325,000 each or £650,000 as a couple. The expected [...]

By | 2017-05-19T16:12:58+00:00 July 7th, 2015|Inane Ramblings, Money Stuff|0 Comments