Reform of Victorian-era laws will create more wills in the UK
It is estimated that 40 per cent of the adult population in the UK have not put in place a will.
In a consultation published earlier this year and closing next month, the government’s legal adviser, the Law Commission, has argued that this shocking statistic could be a result of the ‘unclear’ and ‘outdated’ inheritance laws currently in place. To read more, head to Spear's Wealth Management magazine.
Related in brief posts
HMRC has launched a consultation on a review of the government's principles for taxing trusts. Fiona Poole examines the review in more detail.
In a bid for ever-increasing transparency, the UK government intends to continue the trend with the introduction of a further beneficial ownership register.
Eesha Arora and Sophie Wettern offer some ideas for navigating intergenerational conflicts in wealthy families