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Category: estate planning & executors & home & Uncategorized & Wills
A lot of people are being named as executors on wills of their close ones, however, for many it is often unclear what are the duties of executors and what does it all involve? For this reason we published this short list of the main duties of will executors:
Category: Uncategorized
As we approach the end of the summer months, those clients lucky enough to have children will once again be waving them off to school, at the end of what can be a very expensive period for parents.
Category: Uncategorized
A report by the Commons Public Accounts Committee (PAC), says that up to 236,000 pension savers with Equitable Life, which collapsed in 2000, or one in five policyholders, might not be traced before what it calls an “arbitrary” deadline of March 2014 for the Government compensation scheme.
Category: Uncategorized
According to a spokesperson for the CPS, the Crown Prosecution Service, most of us pay our taxes and pay on time. Figures from HMRC suggest that in 2011-2012, 93% of tax due was paid.
However, the CPS recognises that there are people who dishonestly and fraudulently evade tax. They choose to hide their income and wealth to evade tax, claim tax relief to which they are not entitled and subvert the tax and excise systems to make money for themselves.
Category: Uncategorized
Tax evasion happens when people deliberately don’t pay the tax they should and individuals, firms, trusts and other entities evade the payment of taxes by illegal means.
Tax evasion usually entails taxpayers deliberately misrepresenting or concealing the true state of their affairs to the tax authorities in order to reduce their tax liability, and includes, in particular, dishonest tax reporting, such as under-declaring income, profits or gains; or overstating deductions. HMRC states that tax evasion is a crime.
Category: Uncategorized
This is not about planning for your end. This is about planning for quality of life later on, free from the bother of worrying about things not done and confident that you have a plan and safety net, just in case you don’t remain on top of your game forever.
There’s no way of putting this comfortably but most of us become a little more tired later in life and reliant on others close to us and around us. To help get the plan in place early on, here is a simple financial planning checklist:
