A recent MoneyMail investigation has reported on a vast number of pitfalls with DIY will packs and online will writing services. These can be purchased for as little as £6.99 and are sold by popular high street and online retailers. Whilst the low cost can be very attractive, the risks associated with DIY wills is […]
Introduction Imagine, a person, all of whose assets are on-line. Mobile banking and on-line investments, email accounts, social media articles, bitcoin and cryptocurrency. Not an implausible scenario, and therefore the inevitable being the inevitable, what happens in the event of such a person’s death. Especially when their will says nothing about their digital assets or […]
Historically, by holding UK residential property in an off-shore company, a non-domiciled/non-deemed domiciled individual ensured that the property was not included in his estate for inheritance tax purposes. Non-UK domiciled individuals previously only paid inheritance tax on UK real property. By holding the UK residential property via an offshore company, the assets the individual held […]