Entries by Casey & Associates

The importance of a Lasting Power of Attorney ~ Health & Welfare

The importance and peace of mind a Power of Attorney (LPA) can bring to a person and their loved ones has been recently showcased in the national spotlight.  Annie Visser, has spoken publicly about the legal document which enabled her husband to “die with dignity”. Bradley Visser, 38, suffered a severe traumatic brain injury when he crashed his electric skateboard at their […]

Will gift allowance system replace inheritance tax?

MPs have proposed that the UK abolishes inheritance tax and replaces it with a gift allowance system. On Thursday, 30th January 2020, the All-Party Parliamentary Group for Inheritance & Intergenerational Fairness (APPG IIF) published a report recommending the abolition of inheritance tax (IHT) and the way it works now and replace it with an entirely […]

Opposite sex couples can now become Civil Partners

It’s now official – opposite sex couples in England and Wales can formalise their relationship with a civil partnership rather than marriage. Civil partnerships were first introduced through the Civil Partnerships Act 2004 and were only available to same-sex couples. As of the 31st of December 2019, opposite sex couples have been able to form this union. The […]

The Bank of Mum and Dad

It seems that the “Bank of Mum and Dad” is now the eleventh largest mortgage lender in the UK with £7 billion being loaned to children each year. Often these family loans are interest free and not documented. So, what happens when the parents pass away? Well things can get rather difficult. Let us say […]

The average age at which a child inherits from their parents is now 61

The “average” child may be financially secure with mortgage paid and a healthy pension. Alternatively, they may be struggling with debt and looking at working on into their seventies to supplement an inadequate pension ~ health permitting. Those in the latter category may be counting on an inheritance coming down from their parents. With the average […]

Only 10% of Brits Have Planned For Death

New research has revealed only 10% have planned for their end of life which suggests there is still a huge stigma surrounding death in the UK. With death potentially causing financial catastrophes as well as grief, breaking the taboo around confronting death is still a big issue among Brits. According to Sue Ryder Charity, who […]