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Steele Rose - News

Our staff publish regular content to a variety of sources - find below a selection of short articles that we feel might be of interest.

Propriety Estoppel in agricultural probate (probate of a farm)

Propriety Estoppel in agricultural probate (probate of a farm)

October 13, 2016

Propriety Estoppel in agricultural probate (probate of a farm) There are some very strict rules to adhere to when dealing with land following the death of a loved one. The transfer of land is subject to rigorous rules pursuant to the Law of Property Act 1925, and transfers not conducted in line with these are […]

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Finance Act 2016: Probate, inheritance and trusts

Finance Act 2016: Probate, inheritance and trusts

October 12, 2016

Finance Act 2016: information relating to probate, inheritance and trusts The Finance Bill 2016 received Royal Assent on 15 September 2016, thereby becoming an Act of Parliament (law). The Bill contains changes to probate law and inheritance tax and the new measures will apply from April 2017. What changes have been made to Inheritance Tax? […]

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Banks Raise Limits on Cash Withdrawals for Executors

Banks Raise Limits on Cash Withdrawals for Executors

November 26, 2015

Banks Raise Limits on Cash Withdrawals for Executors Banks raise limits on how much cash can be released without grant of probate. Some of Britain’s largest banks are raising the limit on the amount of money they will release from deceased customers’ accounts to their relatives without the need for the grant of probate. When […]

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How to Use Gifts to Avoid Inheritance Tax

How to Use Gifts to Avoid Inheritance Tax

September 24, 2015

How to Use Gifts to Avoid Inheritance Tax There are many confusing and complex ways to avoid inheritance tax (IHT), most people overlook gifts when searching for ways to save on IHT even though it is one of the simplest options. When used properly, there are no fees to pay or forms to fill out. […]

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How Hard is DIY Probate

How Hard is DIY Probate

September 16, 2015

How Hard is DIY Probate? Doing Probate yourself (not using a probate specialist) is a very possible task to accomplish. The difficulty of DIY Probate solely depends on the executor, some will find it easier than others however please keep in mind that it can take a substantial amount of time. There are no specific […]

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5 Tips to Save on Probate Solicitor Fees

5 Tips to Save on Probate Solicitor Fees

September 8, 2015

5 Tips to Save on Probate Solicitor Fees “There are only two certainties in life, death and taxes” –Benjamin Franklin. It is likely that Franklins personal representatives would have added something else to that list. The retirement age is on the rise with no signs of slowing; people are working longer and harder to save […]

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You Can Now Save Your Home from Inheritance Tax

You Can Now Save Your Home from Inheritance Tax

September 1, 2015

You Can Now Save Your Home from Inheritance Tax A recent announcement by George Osborne has let couples save thousands on their Inheritance Tax. A change in the inheritance tax allowance has made it possible for a couple to pass on their main property with a value of up to £1million to their children or […]

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CRAG to Be Replaced with New Care Act 2014 Guidance

CRAG to Be Replaced with New Care Act 2014 Guidance

March 20, 2015

CRAG to Be Replaced with New Care Act 2014 Guidance The Department of Health CRAG (Charging for Residential Accommodation Guidance) which provides advice on the pre-Care Act 2014 rules will be replaced with new statutory guidance under the Care Act 2014 starting on 1 April 2015 called the Care and Support Statutory Guidance (CSSG). This […]

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The EU Succession Regulation

The EU Succession Regulation

February 5, 2015

The EU Succession Regulation (Regulation (EU) No.650/2012). Cross border conflicts between the principles of movement in the EU and complicated and expensive succession issues to which this can cause, stems from the historic entirely different succession laws that apply in the EU. In a single swipe the Succession Regulation is used to fix the problem. […]

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Finance Bill 2015

Finance Bill 2015

January 21, 2015

Finance Bill 2015 – transfer of ISA allowance to surviving spouse On 20 January 2015, HMRC published the draft Individual Savings Account (Amendment) Regulations 2015 to implement changes to the rules governing ISAs. The draft regulations provide that the surviving spouse or civil partner of an ISA account holder who dies on or after 3 […]

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