Thursday, 19 March 2015

How to save Inheritance Tax on your main residence

Successful Inheritance Tax (IHT) mitigation in respect of the main residence is one of the hardest things to do, as the law currently stands.  However, as many people’s most valuable asset is their bricks and mortar, it is a problem that demands some consideration – even if the answer is to do nothing (yet) or take out life cover written in trust.  But if neither of those appeals, what then?

Thursday, 5 March 2015

Can I take instructions from my client’s attorney?

You have been managing your client’s money for many years when, out of the blue, you are contacted by someone claiming to be your client’s attorney.  The attorney is brandishing a copy English Property and Financial Affairs Lasting Power of Attorney (LPA), certified on every page (as it should be) by the donor (i.e. the giver) of the power.  So far, so reassuring.  But is it safe for you to act on the attorney’s instructions?  Here’s some food for thought.