Lee Young discusses the tax implications of owning a second home, and buying and selling. He looks into stamp duty land tax and capital gains tax.
Wills and tax
The Partners at Frettens Solicitors were delighted last week to announce the opening of a second office in Ringwood in July 2018. Who will be based at Ringwood? The Ringwood team...
The Partners of Frettens Solicitors are excited to announce that they will be opening a brand new office in the heart of Ringwood in July 2018, making Ringwood a second home for the ever-growing Frettens family. A full service law firm for Ringwood ...
When you are a parent to young children, life can be a daily demanding obstacle course! Getting everyone up, ready for nursery/school and getting into work… then after a busy day at work, coming home, cooking for the family, helping with homework,...
Lee Young explains the implications of capital gains tax when it comes to owning multiple residential properties and discusses the potential savings that can be made by determining your main residence.
The Ministry of Justice has launched a scheme to refund those who may have overpaid when applying to register powers of attorney. The scheme applies to any lasting power of attorney (LPA), or enduring power of attorney (EPA) that was registered with the...
When a person dies without leaving a valid will they are said to have died intestate. Dealing with their estate can be very complicated. When someone dies intestate If this happens to one of your relatives, it is best to seek legal advice as soon as...
A mirror will is when you and your partner make almost identical wills. These usually leave everything to each other respectively should one partner die before the other and if they die at the same time, everything is passed to children or the same named...
You need values of any money, property and possessions (known as their estate) of someone who’s died, on the date of their death, before you are able to get a ‘grant of representation’. This is the legal right to deal with their estate . ...
When someone dies, their assets (known as their estate) worth over £325,000 are liable for inheritance tax at a rate of 40%. This is the standard nil rate band and there is also a residence nil rate band which can make a higher proportion of the...
Frettens Solicitors is delighted to report that it has been recognised in specialist areas of 'The Legal 500' again for 2017-18. This marks the eighth year in a row that the firm has been recognised by the independently researched guide to law firms...
This is a difficult subject for everyone, especially when it concerns family or close friends. Challenging a will is emotionally charged but you may realise after a loved one has died that they either changed, or wrote their will whilst suffering from...
Your estate is the sum total of the value of your assets, including property, cars, jewelry, etc. The normal situation is that, when someone dies, if their estate is worth more than £325,000 and is not being passed to a charity or to their...
Frettens Solicitors is delighted to welcome three new members of staff to their Property, Wills & Tax and Commercial Teams. Kym Brooks joins the Conveyancing Team . Kym is a dual qualified solicitor, having qualified in South Africa as an...
If your mother has written a will, would you have to seek probate to authenticate the will when the time comes that she passes away? Often people assume that, once a will is written and signed, they will not need probate. Lee Young, a solicitor and Head of our Wills & Tax Team, addresses this issue.
Controversial plans to raise the legal fees payable after death are now to be shelved ahead of the general election. Probate court fees are paid to the government when someone dies and the personal representative of the estate needs a grant of...
A Lasting Power of Attorney (LPA) is a legal document that allows someone to make decisions for you, or act on your behalf, if you’re no longer able to or if you no longer want to make your own decisions or deal with your own affairs. Heather Varley...
If you have lost a loved one recently, you need to be aware of the increase in the probate court fees. The current fee is £215 for a personal application, or £155 if the application is made through a professional such as a solicitor. From May...
A living will is where you express your wishes about how you want to be treated and cared for in certain situations, in case the time comes when you do not have the capacity to make or communicate your decisions. The document sets out your wishes about...
It is anticipated that around a third of British people have written a will. Those that have dealt with this may therefore be satisfied that they have made appropriate arrangements to ease the burden for their family at the end of their lives. But, is a will...
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