About philmilty

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So far philmilty has created 18 blog entries.

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 |2020-04-07T21:45:58+01:00July 13th, 2015|Money Stuff|0 Comments

Got a holiday home in Europe?

If you have property outside of the EU then this is interesting but pretty much irrelevant … sorry. If you have a holiday or other assets within the EU then currently you have to have a Will in that Country. You also have to consider that other countries have rules which mean that you MUST give [...]

By |2020-04-07T21:45:57+01:00July 3rd, 2015|Wills|0 Comments

When should you review your Will?

Wills are things that people take ages getting around to doing so why bother reviewing it? When Wills are written, a good Will Writer will do their best to future proof it. They do this for example by including any wedding plans or children even if they've not arrived yet. However, they’re not fortune tellers [...]

By |2020-04-07T21:45:57+01:00June 25th, 2015|Wills|0 Comments

Tweaking the Intestacy Laws

When a person dies without making a Will there is a legal “formula” which decides who gets what. Although I wasn't around at the time my understanding is that a number of Wills were collected and analysed to show what the “average” Will looked like. The 1925 Act was then written to reflect this “average” Will. That [...]

By |2020-04-07T21:46:03+01:00June 22nd, 2015|Wills|0 Comments

Who should I choose to write my Will?

Well there are a number of options some of which are Don’t write one! Buy a “write your own Will Pack” Do an online “write your own Will” Use a solicitor Or a specialist Will Writer So let’s go through them so you can at least make an informed decision Don’t write one! Pros No [...]

By |2020-04-07T21:45:58+01:00May 30th, 2015|Wills|0 Comments

Why bother with a Will?

If you have a really simple life, don’t own a property, not much money and want to leave all your stuff to your parents then you probably don’t need a will. That covers my teenage daughter but the rest of us? We need a will. The lives we lead today are not reflected in the [...]

By |2017-05-19T16:12:59+01:00May 23rd, 2015|Wills|Comments Off on Why bother with a Will?