What Happens to Joint Bank Accounts When Someone Dies?
When someone dies, families often ask: "What happens to our joint bank account?" or "Does the house automatically go to the surviving owner?" The answers depend on how these assets…
Siblings win court battle over £55m inheritance dispute
In a contentious court battle, two siblings successfully challenged their father’s will, which left them significantly less inheritance than their brothers. Multi-millionaire Reg Bond, who built a £55 million empire…
HMRC rakes in £3.2bn from inheritance tax as thousands more dragged into net
Credit: Express From gifting wealth to setting up trusts, there are several methods people can use to reduce the inheritance tax burden. HMRC amassed a staggering £3.2billion in inheritance tax (IHT) receipts…
What are Family Protection Trusts?
What are Family Protection Trusts? Family protection trusts are legal arrangements where an individual transfers assets to a trust. The trust is managed by a trustee, who is responsible for…
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