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Wills & Trusts Archive - Page 5

Found 70 matches. Showing page 5 of 7.

Housing Minister advises pensioners to leave property to grandchildren

The Housing Minister Gavin Barwell has advised grandparents to disinherit their children and leave their property to their grandchildren instead. Mr Barwell revealed that his mother has disinherited him in order to leave her estate, including her £750,000 home, to his sons. He urged other grandparents to do the same in order to... Read More

The battle over Tom Clancy’s estate

The beneficiaries of the American novelist and video game designer have found themselves in a dispute over tax payable on his estate. Clancy was best known for his espionage and military-science storylines and had 17 bestsellers. He started out as an insurance salesman, and at the time of his death there were more than 100 million copies of his... Read More

Unexpected, inexplicable, unfair, and improper: wills and mental incapacity

The Clinton health conspiracies have been a remarkable demonstration of the joy people take in pathologising the frailties of others. A fainting fit at a 911 memorial spawned rumours with extraordinarily speed of Clinton’s mental incapacity and even death. Among the conspiracy theories, amateur political blogs and social media trends, one... Read More

£8m Ming porcelain collection belonging to late Thatcher aide to be broken up

A dramatic legal battle over what has been described as “the world’s most important collection of 17th Century Chinese porcelain”, built up by former Thatcher adviser Sir Michael Butler, has come to its conclusion. On 20 June 2016 Judge Simon Barker QC ruled that two of the deceased’s children may remove their shares of the... Read More

Unlucky families hit by new inheritance tax rules delay

Families who have paid inheritance tax since April 2015 have not benefited from the changes brought in because it appears that the Government has taken longer than expected to implement these new rules. Those who have been hit or will be hit hardest are those whose relatives have died or will die between April 2015 – when the Government... Read More

Daughter challenges wealthy father’s estate

A woman who challenged the validity of her late father’s estate has been ordered by the Chancery Division of the High Court to pay costs of £65,000 for failing to bring a formal challenge and causing the other parties to incur significant costs. Kenneth Jordan, a wealthy businessman, executed a will in 2012 that left his fortune... Read More

Snoop Dogg is not worried about dying intestate

In an unsurprisingly irreverent fashion, Snoop Dogg has explained his decision not to create a will, claiming “I don’t give a **** when I’m dead.” Unfortunately for Snoop’s beneficiaries, his decision not to create a will could have costly consequences, both in terms of time and money. As Maire Connor reported... Read More

Sticking to their guns: family determined to destroy $5m inheritance

The estranged cousins of a Los Angeles man who died in June 2015 have announced their plans to destroy the deceased’s stockpile of weaponry, valued at $5 million, if probate court grants them the fortune. ABC News describes the late Jeffrey Lash as a “science superstar in high school” turned “loner, who told told neighbors he worked for... Read More

The fate of Prince’s estate: a cautionary tale about dying intestate

A week ago, the family of late superstar Prince bid their final farewells in a private ceremony in the singer’s native Minneapolis. Sadly, this is unlikely to bring his loved ones much closure - according to papers filed by his sister Tyka Nelson, Prince died without executing a will, and the fate of his fortune will likely be determined... Read More

Art in lieu of inheritance tax: Lucian Freud

This June, a previously unseen self-portrait by Lucian Freud will be unveiled at the National Portrait Gallery, as part of a small public display of the artist’s portraits. The gallery acquired the painting through the ‘Acceptance in Lieu’ scheme, which enables liable taxpayers to offset inheritance tax by donating objects 'of particular... Read More
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