Knowledge Base

Navigation

Getting Started

• Introduction to UK Inheritance
• Key Terminology
• Overview of Inheritance Tax

Personal Inheritance

• Making a Valid Will
• Intestacy Rules
• Updating Your Will

• Nil-Rate Band
• Residence Nil-Rate Band
• Calculating Your Liability
• Reliefs & Exemptions

• Applying for Probate
• Executor Responsibilities
• Timeline & Process

• Seven-Year Rule
• Annual Exemptions
• Potentially Exempt Transfers (PETs)
• Chargeable Lifetime Transfers (CLTs)

Family Inheritance Planning

• Structure & Benefits
• Tax Considerations
• Setting Up an FIC

• Types of Trusts
• Trust Taxation
• Setting Up a Trust
• Trust Administration

• Spousal Exemptions
• Joint Assets

• Guardian Arrangements
• Inheritance for Minors
• Disabled Beneficiaries